$ 900,000
-
$900,000
Price -
0.17
Acre
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About the Listing 650010460235 - 65160002587147
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 threemiles, 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, p
Listing Highlights for 551 Michigan St NE
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Central Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2070
- Basement: Basement
- Other: Forced Air,Central Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 60x120
- Zoning: Commercial
- Roof: Composition,Rubber
- Others: Block,Brick,Frame,Vinyl,Wood,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $2,633
- Taxes w/Assessments: N/A
- Tax/Property ID: 411419459013
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
551 Michigan St NE Grand Rapids, MI 49503
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