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Four-Story Apartment Building with Office
For Sale
$1,350,000

20-22 Crescent Street Northeast, Grand Rapids, MI 49503

Four-story property in downtown Grand Rapids combines residential units with a flexible main-level office area.

Property Size1,000 SF
Price / SF$1,350
Days on Market156

Property Features for 20-22 Crescent Street Northeast

General Information

Standard status Active
Size 1,000 SF
Property subtype Residential Income / 5+ Units
Zoning C-3a City Cente

Units

Multifamily Units 5
Office Units 1

Additional Details

Floor Main Floor

Taxes and HOA fees

Annual Taxes $5,500

Amenities

Central Air, Ductless
Baseboard, Forced Air, Hot Water, Radiant, Natural Gas
false
Yes
No
Laundry Room, Main Level

Building Details

Year Built 1910
Buildings 1
Stories 4
Listing Agency: The Local Element
Listed By: Lynette Fitzpatrick · License #6501398608
Source: Compass
Added: Mar 30 Changed: Aug 31 Last Checked: Aug 31 at 12:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Local Element

Investment Insights

Based on property information with market context.

Built in 1910, this four-story apartment building contains five fully equipped residential units along with a flexible office area on the main level. The office includes a kitchen, full bathroom, and washer/dryer hookup, providing a distinct commercial component within the property. Interior features include central air, mini-split cooling, forced-air heating, and natural gas service. Stucco exterior finishes and walk-out access are also present.

The property is located at 20-22 Crescent Street Northeast in downtown Grand Rapids, near hospitals, research facilities, and the medical mile. It carries C-3a City Cente zoning, supporting its documented mixed-use configuration.

Key Highlights

  • Five fully equipped residential units
  • Flexible main‑level office with kitchen and full bathroom
  • Washer/dryer hookup in the office area

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Storage Facility Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
5
Residential units

Location Intelligence

Trade Area within ½ mile

6,690
Businesses Nearby

Demographics for 49503, MI

39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story property in downtown Grand Rapids combines residential units with a flexible main-level office area.
Where is this apartment building located?
The property is located at 20-22 Crescent Street Northeast Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Five fully equipped residential units; Flexible main‑level office with kitchen and full bathroom; Washer/dryer hookup in the office area
More about this property
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