It would be impossibe to build one cheaper than what an import grinder costs. Many of the discount tool and equipment catologs sell inexpensive surface grinders starting and about $1000.
Magnetic chucks are available from just about every machine tool company including MSC. Cheap chucks suck, good magnetic chucks cost $$$$ Using a cheap one that has no power is not fun
Electromagnetic chucks are best but cost lots of $$$$
I feel the best thing to do is either by an import or contact used machine tool dealers and find a good used, american made surface grinder.
I hope you're not looking in the central FL area
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