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

NVEST 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

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Commercial Active

Price

$ 900,000

Property Type

Commercial

Taxes

$ 2,633

Style

Business

Lot Size

0.17

Year Built

1923

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70568143

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 Business
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 Lengthly Legal - See Parcels 411419459012 & 411419459013
DOM 1
Postal Code 49503
Price Per Sq Ft Total AG 434.78
Public Remarks NVEST ON THE MEDICAL MILE. Position your business investment portfolio
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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
Ryan Prichard

Listing Agent

Glover Agency

Broker

prichardproperties@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
Pricing History
DatePricePrice ChangeDescription
11/4/2026$900,000 Listed Price

Map


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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