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

Grand Rapids, MI, 49503
$ 900,000
Bedrooms-- Baths-- Sq 2,070

Monthly Estimate*

$ 6,216

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Commercial Property for sale in Grand Rapids, MI

for $900,000. 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

Property Type

Commercial

Taxes

$ 2,633

Style

Commercial/Industrial

Lot Size

0.17

Year Built

1923

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70563113
Features
General
Heating Forced Air
Roof Composite Rubber
Status Active Active
Year Built 1923
Parking 11-20 Spaces
County Kent
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Other/See Remarks
Municipality Grand Rapids
Zoning Commercial
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Grand Rapids (41032)
Primary City Grand Rapids
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
Financial Terms Cash Conventional
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
DOM 1
Postal Code 49503
Price Per Sq Ft Total AG 434.78
Public Remarks
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Exterior
Exterior Block Brick Frame Vinyl Siding Wood
Frontage 180
Lot Size Area 0.17
Lot Dimensions 60x120
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Jeffrey Glover

Listing Agent

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
760529 Elementary School
760235 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/7/2026$900,000 Listed Price

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551 Michigan Street, 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 was built in 1923. The property's zip code is 49503 which is in Grand Rapids, MI

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