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Property profile & analytics

251 Michigan St Grand Rapids, MI 49503

  • Commercial real estate
  • 0.16 lot acres
Value Estimation
Last Sale
Nov 16, 2023
Location Intelligence
Property ID
US43-0861172
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 251 Michigan St

Lot size
0.16 lot acres
Zone code
TN-CC
Property type
Commercial real estate
APN
41-14-19-381-031
APU
411419381031

Description

This exceptional 4,478 square foot restaurant space presents a unique investment opportunity within the newly constructed Corewell Health Ambulatory Care Center in Grand Rapids, Michigan. Located at 251 Michigan St NE, 49503, this property offers unparalleled visibility and accessibility. The space boasts approximately 135 feet of frontage along Michigan Street, ensuring high traffic and prominent exposure to the substantial patient and visitor base of the medical facility. Three convenient entry points facilitate easy access for customers. The building also features an on-site parking garage, eliminating parking concerns for both staff and patrons. This turnkey location provides a built-in clientele, minimizing the need for extensive marketing efforts in the initial stages of operation. Further enhancing its appeal, the space includes the potential for a 400 square foot patio situated on the corner of Michigan and Lafayette Streets, providing an attractive outdoor dining area. This property is ideally suited for a restaurateur seeking to establish a thriving business within the vibrant Medical Mile corridor of Grand Rapids, Kent County. The property is classified as retail, with a subtype of restaurant, and is currently available as a single tenancy.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.6626
Latitude
42.9709
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$0.00
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
More about this property
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