$900,000
Grand Rapids, MI 49503
MLS# 26053456
1 baths | 2070 sqft
1 / 28
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 three
Details
Location & Property Info
Cross Streets: College/Dudley PL NE
Property Sub-Type: Retail
Municipality: City of Grand Rapids
Subdivision: NO
Principal Road: Yes
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 434.78
Prop Avail for Lease?: No
Current Bldg Use: Vacant
General Property Info
New Construction: No
Lot Dimensions: 60x120
Road Frontage: 180
Mineral Rights: Unknown
Waterfront: No
Total # Units: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 2070
Total SqFt: 2070
Property Use Type: Business
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.17
Lot Square Footage: 2178
Year Built: 1923
Full Baths: 1
Total Baths: 1
Tax Info
Taxable Value: 51001
SEV: 172400
For Tax Year: 2025
Seller's Annual Property Tax: 2633
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: 0
Non-Conforming Use: No
Zoning: 201 Commerical
Tax ID #: 41-14-19-459-013
Remarks & Misc
Public Remarks: 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 three
Legal: PART OF LOT 1 BLK 1 COM AT SW COR OF SD LOT TH N ALONG W LINE OF SD LOT 36.16 FT TH E LY TO A PT ON E LINE OF SD LOT WH
Waterfront Options
Water Access Y/N: No
Additional Details
Total Parking Spaces: 15
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Vacant/Owner-User: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Block: 1
Frame/Wood: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Roofing
Composition: 1
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Other: 1
Below Grade
Basement: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Real Estate: 1
Foundation
Block: 1
Util Avail at St
Phone Available: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 551
Street Name: Michigan
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 5720
OfficeContract Info
Status: Active
Current Price: $900,000
List Price: $900,000
Listing Date: 2026-10-07
Remarks Misc
Directions: Head South on College to Michigan Ave. Head east until you hit 551 Michigan Ave. (The north side of the road)
Property Features
Property Use: Business; Vacant/Owner-User
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: Other
Business Includes: Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Brick; Vinyl Siding
Roofing: Composition; Rubber
Foundation: Block
Below Grade: Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Of Escrow
Supplements
miles, 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, professional, medical, office or investment strategies, while the site's location and configuration create additional potential for buyers interested in exploring redevelopment, mixed-use or vertical-development concepts, subject to zoning, governmental approvals, engineering and buyer due diligence. For an owner-user, this is visibility and accessibility. For an investor, it is a strategic holding within one of Grand Rapids' strongest employment and institutional corridors. For a developer, it is an opportunity to evaluate what comes next. 551 Michigan Street NE — invest in the property, the Medical Mile and the continued growth of Grand Rapids. Offered at $900,000.
Listing Office: Keller Williams Professionals
Listing Agent: Jeffrey Glover
Last Updated: October - 12 - 2026
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