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551 Michigan Street NE Grand Rapids, MI $ 1,200,000
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$ 1,200,000 Get more info
551 Michigan Street NE
$ 1,200,000
Back to search
Share Save

551 Michigan Street NE

Grand Rapids, MI, 49503
$ 1,200,000
Bedrooms-- Baths1.0

Monthly Estimate*

$ 7,187

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Commercial Property for sale in Grand Rapids, MI

for $1,200,000 with 1 full bath. This building was built in 1923 on a lot size of 0.17.

Prime commercial building located in the heart of Grand Rapids' prestigious Medical Mile, offering two flexible spaces suitable for medical offices, professional services, or retail. With high visibility and excellent foot traffic, this property is ideal for businesses seeking to serve the vibrant healthcare and residential communities nearby. Both spaces boast modern design, abundant natural light, and adaptable layouts to fit a range of business needs. The large parking lot provides ample space for both clients and staff, ensuring easy accessibility. This is a unique opportunity to establish your business in one of Grand Rapids' most sought-after locations, where proximity to medical institutions and a bustling retail environment combine to maximize potential. 2 parcels included

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Commercial Active

Price

$ 1,200,000

Full Bath

1

Property Type

Commercial

Taxes

$ 2,895

Style

Retail

Lot Size

0.17

Year Built

1923

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

24055710
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Phone Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Roof Composition Rubber
Construction Materials Vinyl Siding Brick
Year Built 1923
Township City of Grand Rapids
Property SubType Retail
Tax Year 2022
Business Type Professional/Office Professional Service Restaurant Bar/Tavern/Lounge Retail
County Kent
New Construction N
Property Type Commercial Sale
Subdivision Name NO
Full Baths 1
Status Active
Directions South on College to Michigan Ave. Head east until you hit 551 Michigan Ave. (The north side of the road)
City Grand Rapids
High School District Grand Rapids
Zoning Description 201 Commerical
NumberOfUnitsTotal 2
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 7187.0
Waterfront Y/N N
Electric On Property Y/N N
Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 2895.88
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Availability Date 2022-10-22
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 44870
Legal Description See attached
Senior Community None
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Exterior
Water Source Public
Total Parking 15.0
Inclusions Other Real Estate
Lot Size Area 0.17
Foundation Details Block
Number of Buildings 1
Spa N
Building Area Total 2070.0
Lot Dimensions 60x120
Lot Size Acres 0.17
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 1
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Internal Only
Street Number 1 551
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* Excluded Features
List By
Century 21 Affiliated (Gr)

Broker

nicolerinks@grar.com

Email

Affordability Calculator

$7,428
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,187
Monthly Property Taxes
$241
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/23/2024$1,200,000 Listed Price

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551 Michigan Street NE, Grand Rapids, MI, 49503 is a Commercial Property for sale at $1,200,000 with a lot size of 0.17. 551 Michigan Street NE has 1.0 baths and was built in 1923. The property's zip code is 49503 which is in Grand Rapids, MI

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