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Giovanna Special

giovanna@soldbygspecial.com +1(586) 709-5910

$ 900,000

Est. payment | -/mo

1 Bath

2,070 SqFt

Save

$ 900,000

Est. payment | -/mo

Save

1 Bath

2,070 SqFt

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 2,070 sqft

Price per Sqft $434

Subdivision No

MLS Listing ID 65026053456

Year Built 1923

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type BusinessandRealEstate

Property Description

INVEST 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 co

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement Common Storage Locker

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable

View Y/N No

Roof Type Composition, Rubber

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Ownership Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Jeffrey Glover of Keller Williams Professionals

Nearby Locations

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Phone

+1(586) 709-5910

giovanna@soldbygspecial.com

Address

USA

551 Michigan ST NE City Of Grand Rapids, MI 49503