28
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$900,000
Est. payment /mo
1 Bath
2,070 SqFt
New
551 Michigan NE Street Grand Rapids, MI 49503
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $434
Municipality City of Grand Rapids
Subdivision No
MLS Listing ID 26053456
Full Baths 1
Year Built 1923
Annual Tax Amount $2,633
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.17
Lot Dimensions 60x120
Property Sub-Type Retail
Source Michigan Regional Information Center (MichRIC)
Property Description
INVEST ON THE MEDICAL MILE. Position your business, investment portfolio, or future development vision along one of the most heavily invested corridors in West Michigan. 551 Michigan Street NE offers a rare opportunity to control commercial real estate directly along Grand Rapids' Michigan Street / Medical Mile corridor—an area shaped by billions of dollars of investment in healthcare, research, education, housing, and supporting commercial development. The property features approximately 2,070 square feet of existing commercial space across two parcels with valuable on-site parking and prominent Michigan Street exposure. And the story extends well beyond the building. The surrounding Grand Rapids market now exceeds 200,000 residents, while the broader Kent County economy supports more than 384,000 jobs across nearly 17,800 employer establishments. Within the immediate Michigan Street trade area, approximately 20,000 people are located within one mile, roughly 140,000 within three miles, and more than 250,000 within five miles. Visibility is equally compelling. Nearby Michigan Street traffic counts exceed 15,000 vehicles per day, while immediate access to I-196 connects the property with Downtown Grand Rapids and the greater West Michigan region. The Medical Mile itself represents one of Grand Rapids' defining economic-development stories. Nearby institutions include Corewell Health Butterworth Hospital, Helen DeVos Children's Hospital, Van Andel Institute, Michigan State University College of Human Medicine, Grand Valley State University's health campus, and an expanding network of healthcare, research, educational, professional, residential and supporting commercial uses. Grand Rapids continues to identify healthcare and life sciences as important components of its future economic growth, creating a compelling environment for long-term ownership along Michigan Street. Use it today. Reposition it tomorrow. Hold it for what Grand Rapids becomes next. The existing property may accommodate a variety of commercial, professional, medical, office or investment strategies, while the site's location and configuration create additional potential for buyers interested in exploring redevelopment, mixed-use or vertical-development concepts, subject to zoning, governmental approvals, engineering and buyer due diligence. For an owner-user, this is visibility and accessibility. For an investor, it is a strategic holding within one of Grand Rapids' strongest employment and institutional corridors. For a developer, it is an opportunity to evaluate what comes next. 551 Michigan Street NE — invest in the property, the Medical Mile and the continued growth of Grand Rapids. Offered at $900,000. miles, and more than 250,000 within five miles. Visibility is equally compelling. Nearby Michigan Street traffic counts exceed 15,000 vehicles per day, while immediate access to I-196 connects the property with Downtown Grand Rapids and the greater West Michigan region. The Medical Mile itself represents one of Grand Rapids' defining economic-development stories. Nearby institutions include Corewell Health Butterworth Hospital, Helen DeVos Children's Hospital, Van Andel Institute, Michigan State University College of Human Medicine, Grand Valley State University's health campus, and an expanding network of healthcare, research, educational, professional, residential and supporting commercial uses. Grand Rapids continues to identify healthcare and life sciences as important components of its future economic growth, creating a compelling environment for long-term ownership along Michigan Street. Use it today. Reposition it tomorrow. Hold it for what Grand Rapids becomes next. The existing property may accommodate a variety of commercial, professional, medical, office or investment strategies, while the site's location and configuration create additional potential for buyers interested in exploring redevelopment, mixed-use or vertical-development concepts, subject to zoning, governmental approvals, engineering and buyer due diligence. For an owner-user, this is visibility and accessibility. For an investor, it is a strategic holding within one of Grand Rapids' strongest employment and institutional corridors. For a developer, it is an opportunity to evaluate what comes next. 551 Michigan Street NE — invest in the property, the Medical Mile and the continued growth of Grand Rapids. Offered at $900,000.
Location
State MI
County Kent
Direction Head South on College to Michigan Ave. Head east until you hit 551 Michigan Ave. (The north side of the road)
Interior
Heating Forced Air
Cooling Central Air
Inclusions Other, Real Estate
Exterior
Utilities Available Phone Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition,Rubber
Street Surface Paved
Total Parking Spaces 15
Building
Foundation Block
Structure Type Vinyl Siding,Brick
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-19-459-013
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Keller Williams Professionals