551 Michigan St Grand Rapids, MI 49503

Property Details for 551 Michigan St

Year built

1923

Lot size

0.05 lot acres

Property size

2,070 SF

Zone code

TN-TBA

Property type

Commercial real estate

APN

41-14-19-459-013

APU

411419459013

Description

This exceptional commercial property, located at 551 Michigan Street NE in Grand Rapids, Michigan, presents a unique investment opportunity. Priced at $1,200,000, this 0.17-acre lot features a retail building with two adaptable spaces ideal for a variety of uses, including medical offices, professional services, or retail businesses. Situated in the heart of Grand Rapids' prestigious Medical Mile, the property benefits from high visibility and excellent foot traffic, ensuring strong potential for client engagement. The building boasts a modern design, abundant natural light, and flexible layouts to accommodate diverse business needs. A significant advantage is the large on-site parking lot, providing ample space for both clients and staff, enhancing accessibility and convenience. The property's strategic location within the Medical Mile, combined with its proximity to thriving residential areas, creates a synergistic environment that maximizes business potential. The sale includes two parcels, offering additional flexibility and development possibilities. This is an unparalleled chance to establish a business in one of Grand Rapids' most desirable and high-traffic areas. The property's combination of prime location, modern amenities, and ample parking makes it an attractive investment for discerning businesses seeking a thriving and accessible location. The zip code is 49503, and the property is located in Kent County.

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Longitude

-85.655

Latitude

42.9703

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments