346 Wealthy Street SW

Off-Market

346 Wealthy Street SW, Grand Rapids, MI 49503

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 41,647 SF
  • Lot Size 2.01 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1947

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 31 Aug, 1984
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Transit Score ®

    66/100 Good Transit
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Roosevelt Park
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.24 miles

  • Mobil

    0.28 miles

  • Pacific Pride

    0.37 miles

  • Marathon

    0.46 miles

  • Mobil

    0.47 miles

  • BP

    1.07 miles

  • Meijer Express

    1.18 miles

  • Mobil

    1.44 miles

  • BP

    1.50 miles

  • 4STAR

    1.61 miles

  • Mobil

    1.92 miles

  • Area 6A

    0.34 miles

  • Watson Lot

    0.43 miles

  • Seidman Lot

    0.48 miles

  • Area 2

    0.48 miles

  • Cherry St. Parking

    0.49 miles

  • Area 3

    0.53 miles

  • Museum Parking

    0.64 miles

  • Grand Valley State University Pew Campus Parking

    0.71 miles

  • Wege Parking Ramp

    0.83 miles

  • Area 7

    0.87 miles

  • One Twenty Three Tavern

    0.47 miles

  • Leo's Coney Island on Tap

    0.47 miles

  • The Kitchen @ 40 Cherry

    0.47 miles

  • Peppino's

    0.48 miles

  • Bistro Bella Vita

    0.48 miles

  • Tavern on the Square

    0.51 miles

  • Mertens Prime

    0.55 miles

  • Stella's Lounge

    0.58 miles

  • Two Beards

    0.60 miles

  • Rockwells Republic

    0.63 miles

  • Grand Central Market

    0.72 miles

  • Bridge Street Market

    1.12 miles

  • Wealthy Market

    1.69 miles

  • Fulton Street Farmer’s Market

    1.93 miles

  • Family Fare

    2.18 miles

  • Creston Market

    2.36 miles

  • Family Fare

    2.83 miles

  • Ken's Fruit Market

    2.92 miles

  • ALDI

    3.01 miles

  • D&W

    3.18 miles

  • Franklin Street Fire Station

    0.55 miles

  • Cherry Health - Heart of the City Health Center

    0.62 miles

  • Grand Rapids Police Department

    0.70 miles

  • Mercy Health Saint Mary's

    0.74 miles

  • LaGrave Avenue Fire Station

    0.77 miles

  • Bridge Street Fire Station

    1.04 miles

  • The Women's Center

    1.11 miles

  • Spectrum Health Butterworth Hospital

    1.16 miles

  • Chester Street Fire Station

    1.68 miles

  • Division Avenue Fire Station

    1.72 miles

Frequently Asked Questions

What is the total square footage of 346 Wealthy Street SW?

346 Wealthy Street SW totals 41,647 square feet.

When was this property built?

346 Wealthy Street SW was built in 1947.

When was 346 Wealthy Street SW last sold?

346 Wealthy Street SW was last sold on 31 Aug, 1984.

What is the property tax for 346 Wealthy Street SW?

The property tax for 346 Wealthy Street SW in 2022 was $24,312.

What is the market value for 346 Wealthy Street SW?

The market value* for 346 Wealthy Street SW in 2022 was $947,106.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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