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    Grand Rapids, MI
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    Grand Rapids, MI Medical Office Space for Sale

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    Medical/Office Space Near Medical Mile
    Updated: Sep 14, 2024
    Medical/Office Space Near Medical Mile

    1425 Michigan St NE, Grand Rapids, MI 49503

    $4,350,000
    32,613 sqft
    Excellent access to I‑196 near the Medical Mile.
    High parking ratio of 5.5/1000, offering free parking for employees.
    Located on a bus route and has signage on busy Michigan Street.
    Vacant space currently used as an Emergency Veterinarian Clinic.
    Suitable for medical or general office use.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1425 Michigan St NE, Grand Rapids, MI 49503

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $382K
      Annual

    • Mortgage

      $2.25M
      Sep 2017

    • Property Type

      Commercial (General)
      Built 1971
    View Property Analytics
    Multi-Tenant Office Building
    Updated: Apr 1
    Multi-Tenant Office Building

    2426 Burton Street SE, Grand Rapids, MI 49546

    $1,000,000
    4,081 sqft 0.53 AC lot
    Multi‑tenant commercial building at 2426 Burton St SE in Grand Rapids with 4 suites
    Suites 1 and 3 are leased/occupied (Suite 1 dental office; Suite 3 wellness center)
    Suites 2 and 4 are currently vacant; previously used for dental‑related operations
    Year built 1968 with brick construction
    Forced‑air heating and central air conditioning
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    Freestanding Bank Branch with Drive-Thru
    Freestanding Bank Branch with Drive-Thru

    5135 Kalamazoo Avenue SE, Grand Rapids, MI 49508

    $625,000
    3,764 sqft 1.69 AC lot

    Freestanding office/medical facility with drive-thru on Kalamazoo Avenue SE, zoned C-4 Office in Grand Rapids.

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    Freestanding Office with Drive-Thru
    Freestanding Office with Drive-Thru

    5135 Kalamazoo Avenue SE, Grand Rapids, MI 49508

    $625,000
    3,210 sqft 0.75 AC lot

    Freestanding former bank branch with drive-thru, offering adaptable space for office or medical service users.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Former Medical Office Building
    Former Medical Office Building

    1142 44th Street, SE, Grand Rapids, MI 49508

    $495,000
    9,432 sqft

    Well-maintained building on 44th Street, suitable for medical or general office.

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    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 5 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Muskegon Commercial Building For Sale
    Muskegon Commercial Building For Sale

    1787 Wagner Avenue, Muskegon, MI 49442

    $299,900
    3,868 sqft 0.42 AC lot

    3868 SF commercial building, rezoned for many uses.

    View details
    Versatile Commercial Building in Muskegon
    Versatile Commercial Building in Muskegon

    1787 Wagner Ave, Muskegon, MI 49442

    $299,900
    3,868 sqft

    3868 SF commercial building with rezoning for diverse business uses.

    View details
    Wyoming Commercial Property for Sale
    Wyoming Commercial Property for Sale

    2855 Byron Center Ave SW, Wyoming, MI 49519

    $800,000
    5,272 sqft 1.43 AC lot

    5,272 SF commercial property on 1.43 acres in Wyoming.

    View details
    Technology-Enabled Office Building
    Technology-Enabled Office Building

    1416 44th Street Southwest, Wyoming, MI 49509

    $1,250,000

    Modern, move-in ready office layout with private offices, meeting space, and open workstations for flexible business use.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land with Road Frontage
    Corner Commercial Land with Road Frontage

    1531 Kyle Street, Eaton Rapids, MI 48827

    $84,900
    1.57 AC lot

    1.57-acre corner commercial lot with blacktop frontage on two roads and visibility from Main St.

    View details
    Vacant Development Land Site
    Vacant Development Land Site

    8072 S Mackinaw Trail, Cadillac, MI 49601

    $299,000
    5.98 AC lot

    Nearly 6 acres of level, cleared land ready for a new commercial development on South Mackinaw Trail.

    View details
    Cadillac Vacant Development Land
    Cadillac Vacant Development Land

    8072 S Mackinaw Trail, Cadillac, MI 49601

    $299,000
    5.98 AC lot

    6 acres of vacant land ready for development in Cadillac.

    View details
    Commercial Land Building Site
    Commercial Land Building Site

    Fashion Square Boulevard, Saginaw, MI 48603

    $120,000
    2.09 AC lot

    A build-ready commercial parcel with frontage along Fashion Square Blvd, near major retail and a large medical complex.

    View details

    Off-Market Properties in Grand Rapids, MI

    Consider similar Off-Market properties in Grand Rapids, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2680 Leonard NE St
    DENTAL BUILDING

    2680 Leonard NE St, Grand Rapids, MI 49525-6934

    Value Estimation by Request
    34,120 sqft 5.81 AC lot
    View details
    320 Fulton E St
    DENTAL BUILDING

    320 Fulton E St, Grand Rapids, MI 49503-4302

    Value Estimation by Request
    6,432 sqft 0.35 AC lot
    View details
    300 68th SE St
    MEDICAL BUILDING

    300 68th SE St, Grand Rapids, MI 49548-6927

    Value Estimation by Request
    338,165 sqft 97.76 AC lot
    View details
    348 Wilson NW Ave
    MEDICAL CLINIC

    348 Wilson NW Ave, Grand Rapids, MI 49534-3555

    Value Estimation by Request
    4,200 sqft 1.00 AC lot
    View details
    4290 Lk Michigan NW Dr
    MEDICAL BUILDING

    4290 Lk Michigan NW Dr, Grand Rapids, MI 49534-4529

    Value Estimation by Request
    4,250 sqft 1.80 AC lot
    View details
    1559 68th SE St
    DENTAL BUILDING

    1559 68th SE St, Grand Rapids, MI 49508-7010

    Value Estimation by Request
    3,973 sqft 0.61 AC lot
    View details
    230 Michigan NE St, Unit 2
    DENTAL BUILDING

    230 Michigan NE St, Grand Rapids, MI 49503-2550

    Unit 2
    Value Estimation by Request
    12,251 sqft 0.50 AC lot
    View details
    2251 Paris Ave
    Medical Office Space

    2251 Paris Ave, Grand Rapids, MI 49546

    Value Estimation by Request
    9,505 sqft
    View details
    5501 Glenwood Hills Pkwy
    Office Units

    5501 Glenwood Hills Pkwy, Grand Rapids, MI 49512

    Value Estimation by Request
    136,000 sqft 6.22 AC lot
    View details
    1840 Wealthy SE St
    DENTAL BUILDING

    1840 Wealthy SE St, Grand Rapids, MI 49506-2921

    Value Estimation by Request
    250,170 sqft 16.13 AC lot
    View details
    11225 Tallmadge Woods NW Dr
    MEDICAL BUILDING

    11225 Tallmadge Woods NW Dr, Grand Rapids, MI 49534-6306

    Value Estimation by Request
    2,640 sqft 0.93 AC lot
    View details
    6650 Crossings SE Dr
    DENTAL BUILDING

    6650 Crossings SE Dr, Grand Rapids, MI 49508-7852

    Value Estimation by Request
    6,129 sqft 0.99 AC lot
    View details
    6651 Crossings SE Dr
    DENTAL BUILDING

    6651 Crossings SE Dr, Grand Rapids, MI 49508-7894

    Value Estimation by Request
    2,808 sqft 1.03 AC lot
    View details
    1063 4th Mile NW Rd
    DENTAL BUILDING

    1063 4th Mile NW Rd, Grand Rapids, MI 49544-7398

    Value Estimation by Request
    9,620 sqft 1.07 AC lot
    View details

    Grand Rapids, MI Medical Office Space Market Trends and Statistics

    Explore 19 medical office space for sale in Grand Rapids, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 53,100 square feet of properties for sale, with an estimated market value of $7,095,000.

    Sale prices for medical spaces in Grand Rapids, MI start at $495,000, averaging $1,419,000, and reaching up to $4,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 105
    Office buildings 66
    Medical Office Space 17
    Creative space 9
    Coworking space 8

    Demographics Overview

    Population 434K
    Population Growth (5Y) +2.4%
    Median Household Income $74,271
    College Educated 24.5%

    High-Yield Neighborhoods for Investment

    Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49507 $219.9K
    49508 $581.7K
    49546 $1M
    49503 $4.4M
    49525 $4.7M

    Taxes & Financing

    Tax Rate (average for all types) 3.15%
    Property Tax per SF $44.85 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kent County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kent County

    Retail

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Grand Rapids fall within the Under 2,500 square foot range.

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