Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
1 Bath
2,070 sqft

$900,000

551 Michigan Street NE, Grand Rapids MI, 49503

Price per sqft$434.78
Built in1923
Property size2,070 sqft
Property typeCommercial
Courtesy of Jeffrey Glover, Keller Williams Professionals

Overview

Active

Listed Oct 7, 2026

Updated 12h ago

INVEST ON THE MEDICAL MILE. Position your business, investment portfolio, or future development vision along one of the most heavily invested corridors in West Michigan. 551 Michigan Street NE offers a rare opportunity to control commercial real estate directly along Grand Rapids' Michigan Street / Medical Mile corridor—an area shaped by billions of dollars of investment in healthcare, research, education, housing, and supporting commercial development. The property features approximately 2,070 square feet of existing commercial space across two parcels with valuable on-site parking and prominent Michigan Street exposure. And the story extends well beyond the building. The surrounding Grand Rapids market now exceeds 200,000 residents, while the broader Kent County economy supports more than 384,000 jobs across nearly 17,800 employer establishments. Within the immediate Michigan Street trade area, approximately 20,000 people are located within one mile, roughly 140,000 within three miles, and more than 250,000 within five miles. Visibility is equally compelling. Nearby Michigan Street traffic counts exceed 15,000 vehicles per day, while immediate access to I-196 connects the property with Downtown Grand Rapids and the greater West Michigan region. The Medical Mile itself represents one of Grand Rapids' defining economic-development stories. Nearby institutions include Corewell Health Butterworth Hospital, Helen DeVos Children's Hospital, Van Andel Institute, Michigan State University College of Human Medicine, Grand Valley State University's health campus, and an expanding network of healthcare, research, educational, professional, residential and supporting commercial uses. Grand Rapids continues to identify healthcare and life sciences as important components of its future economic growth, creating a compelling environment for long-term ownership along Michigan Street. Use it today. Reposition it tomorrow. Hold it for what Grand Rapids becomes next. The existing property may accommodate a variety of commercial, professional, medical, office or investment strategies, while the site's location and configuration create additional potential for buyers interested in exploring redevelopment, mixed-use or vertical-development concepts, subject to zoning, governmental approvals, engineering and buyer due diligence. For an owner-user, this is visibility and accessibility. For an investor, it is a strategic holding within one of Grand Rapids' strongest employment and institutional corridors. For a developer, it is an opportunity to evaluate what comes next. 551 Michigan Street NE — invest in the property, the Medical Mile and the continued growth of Grand Rapids. Offered at $900,000.

Additional information

MLS® ID
26053456

Interior Features

Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$2,633
Tax Frequency
Annually
MLS provider logo

Courtesy of Keller Williams Professionals

The IDX display contains information sourced from the MichRIC® as of 10/13/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 MichRIC® All rights reserved.

Data last updated 10/13/2026

Powered by Luxury Presence