Commercial and Industrial Real Estate Development in West Michigan since 1996
650 Wealthy St. SE – Grand Rapids / Wealthy St. business district Type: 2-tenant neighborhood Retail building Status: 100% leased Description: 3,100 Sq. Ft. retail building, full structural renovation in 2018. Tenants include Dime & Regal (women’s jewelry and fashion accessories) and Palace Flophouse (women’s salon). Building was vacant and dilapidated until acquired in 2016. New storefronts and interior structural walls, roof, mechanical, plumbing and HVAC were installed, along with full removal and replacement of entire floor structure at sidewalk grade for better access and increased floor load capacity. Basically we bought two walls and a location..
58 Ionia SW – Downtown Grand Rapids Type: Single-Tenant Retail / nightclub building Status: 100% leased long-term FOR SALE at $3,750,000.00 Description: 20,000 sq. ft. night club and Banquet - entertainment facility opening October 2019 as Max's South Seas Hideaway Tiki Bar and operated by Mark Sellers. Previous Tenants were McFadden’s Bar and Waldron Public House after it’s original renovation in 1997 as OPUS 1894. In the heart of the entertainment district in downtown Grand Rapids near Van Andel Arena and the new Studio Park complex. Now being offered for sale @ $3,750,000.00 with 11 years remaining on strong-credit Lease, 6.75 CAP on in-place income.
619 Wealthy St. SE – Grand Rapids / Wealthy Business District Type: Multi-Tenant neighborhood Retail Building Status: 100% Leased to various retailers Description: 4,000 sq. ft., 5-Tenant retail buidilng. Tenants include Fox Naturals skin care, Swirls Boutique, Thelma’s Flowers and Wealthy St. Studios. This building was vacant for over a decade and required a full interior and exterior renovation (2018) including new storefronts and windoows/doors, structural floor replacement, roof, HVAC, all plumbing and mechanical replacement and doors, windows, new underground utilities to the site, new interior and exterior lighting and signage.
620 Wealthy St. SE – Grand Rapids / Wealthy Business District Type: Multi-Tenant Neighborhood Retail Building Status: Construction Completed FOR LEASE: 1600-3200 SF Description: 3,200 SF retail building designed to accommodate 1-2 retail tenants. With input from the neighbors, Terra Firma hired Greg Metz of Lott3 Metz Architects to design a building with a modern twist on the unique flair of the Wealthy district. Working with the Historical Preservation Commission, an old condemned structure was removed and we combined two neighboring sites into one awesome new retail location.