Mixed-Use Property with
For Sale
Contact for pricing
Pending
555 Michigan St NE, Grand Rapids, MI 49503
Eight loft-style apartments are paired with occupied retail space in downtown Grand Rapids.
Property SizeContact for details
Days on Market144
Property Features for 555 Michigan St NE
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily, Retail
Additional Details
Highway Access
Yes
Multifamily Units
8
Building Details
Tenancy
Single
Listing Agency:
Berkadia Commercial Mortgage Southfield
(248) 952-4710
Listed By:
Charley Henneghan · License #MI 6501393872
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 1:38AM
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 Berkadia Commercial Mortgage Southfield
Investment Insights
Based on property information with market context.
This mixed-use property combines eight contemporary loft-style apartments with 1,996 SF of retail space occupied by Walgreens. The residential component includes one- and two-bedroom layouts, while the building’s downtown setting places the asset within Grand Rapids’ urban core.
The property is directly east of the Medical Mile and near the Grand River, with John Ball Park and Zoo across the river. Roosevelt Park’s arts scene adds nearby cultural context. Access to US-131 and I-196 supports connectivity, and Grand Valley State University’s Pew Campus is less than two miles north on Grandville Avenue.
The property is directly east of the Medical Mile and near the Grand River, with John Ball Park and Zoo across the river. Roosevelt Park’s arts scene adds nearby cultural context. Access to US-131 and I-196 supports connectivity, and Grand Valley State University’s Pew Campus is less than two miles north on Grandville Avenue.
Key Highlights
- Eight apartment units with one- and two‑bedroom layouts
- 1,996 SF of retail space occupied by Walgreens
- Contemporary loft‑style residential units
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight loft-style apartments are paired with occupied retail space in downtown Grand Rapids.
Where is this mixed-use property located?
The property is located at 555 Michigan St NE Grand Rapids, MI.
What are key features of this property?
This property features: Eight apartment units with one- and two‑bedroom layouts; 1,996 SF of retail space occupied by Walgreens; Contemporary loft‑style residential units
