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… Read More 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. Read Less
Courtesy of Keller Williams Professionals, Jeffrey Glover.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Retail
Square Ft.
2,070
Lot Size
0.05 Acres
Year Built
1923
MLS Number
26053456
30 Days Snapshot Of 49503
$337k
+3%
(avg) sold price
20
-13%
homes sold
76
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 2,070, Construction Materials: Vinyl Siding, Brick, Number Of Buildings: 1, Number Of Units Total: 2, Year Built: 1923, 2070 total stories
Business Type: Professional/Office, Professional Service, Restaurant, Bar/Tavern/Lounge, Retail, Parcel Number: 41-14-19-459-013, Property Sub Type: Retail
Roof
Roof: Composition, Rubber
Taxes
Annual Amount: $2,633, Tax Year: 2025
Utilities
Utilities: Phone Available, Natural Gas Connected, Electricity Connected
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