1106 Wealthy St Se, Grand Rapids, MI 49506 - Valuation report, cap rates, free data
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1106 Wealthy St Se, Grand Rapids, MI 49506

Indicative value *
$0.3M - $0.3M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
40
Value decline
risk score
73
Value growth
potential score
  • Residential district area with 80% of people residing in the area and 20% commuting here for work
  • Popular area with foot traffic score of 87 (out of 100)
  • Gentrifying area
  • Neighbors include: Farmers Insurance
  • A number of amenities in the area, but not many
  • Medium household income of $41,023/year in 0.3mi and $45,874/year in 3mi
  • Medium population density of 9,935/sq.mi. in 0.3mi and 4,776/sq.mi. in 3mi
  • Access to public transit is average with transit score of 28 (out of 100)
  • Average business growth
  • Population has average level of education with 39% of people with bachelor degrees
  • A number of amenities within walking distance but not many, including restaurants Uncle Cheetah's Soup Shop, Squibb Coffee Bar, The Sparrows, The Electric Cheetah, Brick Road Pizza Co
  • Medium-sized business tenants in the area, including Clark Retirement Community, Ace Hardware, Thresholds Inc, Valley City Linen, Thresholds & Affiliates, Rowerdink Inc, Grand Valley Medical Specialists, PLC, River Valley Orthopedics, Winchester On Wealthy Llc, Planned Parenthood Of West And Northern Michigan Inc., Atomic Object Llc
  • Low retail growth
  • Far from highways, highway score is 53 (out of 100)
  • USA / Michigan / 49506 / 1106 Wealthy St Se, Grand Rapids, MI 49506, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    4280
    35
    08/13/20
    Retail
    3451
    111
    05/07/20
    Retail
    4352
    58
    07/18/19
    Retail
    8456
    475
    01/10/19
    Retail
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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