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551 Michigan Street NE Grand Rapids, MI $ 900,000
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551 Michigan Street NE
$ 900,000
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551 Michigan Street NE

Grand Rapids, MI, 49503
$ 900,000
Bedrooms-- Baths1.0 Sq 2,070

Monthly Estimate*

$ 6,216

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Commercial Property for sale in Grand Rapids, MI

for $900,000 with 1 full bath. This 2,070 square foot building was built in 1923 on a lot size of 0.17.

INVEST ON THE MEDICAL MILE. 551 Michigan Street NE offers a rare opportunity to own commercial real estate directly along Grand Rapids' Michigan Street / Medical Mile corridor—an area shaped by billions of dollars in healthcare, research, education, housing, and commercial investment. The property includes approximately 2,070 square feet of commercial space across two parcels, on-site parking, and prominent Michigan Street exposure near I-196 and Downtown Grand Rapids. Nearby institutions include Corewell Health Butterworth Hospital, Helen DeVos Children's Hospital, Van Andel Institute, Michigan State University College of Human Medicine, and GVSU's expanding health campus. Use it today. Reposition it tomorrow. Hold it for what Grand Rapids becomes next. Ideal for an owner-user, investor, or developer seeking long-term positioning within one of West Michigan's strongest institutional and employment corridors. Offered at $900,000.

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Commercial Active

Price

$ 900,000

Full Bath

1

Property Type

Commercial

Taxes

$ 2,633

Style

Retail

Lot Size

0.17

Year Built

1923

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26053456
Features
General
Heating Forced Air
Cooling Central Air
Utilities Phone Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Roof Composition Rubber
Construction Materials Vinyl Siding Brick
Year Built 1923
Township City of Grand Rapids
Property Subtype Retail
Tax Year 2025
Business Type Professional/Office Professional Service Restaurant Bar/Tavern/Lounge Retail
County Kent
New Construction false
Property Type Commercial Sale
Subdivision Name NO
Full Baths 1
Status Active
Directions Head South on College to Michigan Ave. Head east until you hit 551 Michigan Ave. (The north side of the road)
City Grand Rapids
High School District Grand Rapids
Zoning Description 201 Commerical
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 2178
Listing Terms Conventional Cash
Tax Annual Amount 2633
Lease Considered Y/N false
Availability Date 2022-10-22
Standard Status Active
Tax Assessed Value 51001
Legal Description PART OF LOT 1 BLK 1 COM AT SW COR OF SD LOT TH N ALONG W LINE OF SD LOT 36.16 FT TH E LY TO A PT ON E LINE OF SD LOT WH
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Interior
Total Stories 2070
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Total Baths 1
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Exterior
Total Parking 15
Inclusions Other Real Estate
Lot Size Area 0.17
Foundation Details Block
Number of Buildings 1
Building Area Total 2070
Lot Dimensions 60x120
Lot Size Acres 0.17
Road Surface Type Paved
Waterfront Y/N false
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Internal Only
Street Number 1 551
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* Excluded Features
List By
Keller Williams Professionals

Broker

adminteam@gloveragency.com

Email

Affordability Calculator

$6,435
Per Month
97%
3%
0%
Monthly Principal & Interest
$6,216
Monthly Property Taxes
$219
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/7/2026$900,000 Listed Price

Map

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551 Michigan Street NE, Grand Rapids, MI, 49503 is a Commercial Property for sale at $900,000 with 2,070 sqft and a lot size of 0.17. 551 Michigan Street NE has 1.0 baths and was built in 1923. The property's zip code is 49503 which is in Grand Rapids, MI

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