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.
Commercial and Industrial Real Estate Development in West Michigan since 1996