For Sale
$1,200,000

551 Michigan St Grand Rapids, MI 49503

Prime location, two flexible spaces. High visibility, ample parking.

Overview

Added:
Dec 11, 2024
Days on market:
127
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.

Highlights

  • $1,200,000 asking price for a 0.17-acre lot in Grand Rapids, MI.
  • Two adaptable spaces in a retail building, suitable for medical, professional, or retail uses.
  • High-visibility location on Grand Rapids' Medical Mile with excellent foot traffic.
  • Modern building with abundant natural light and flexible layouts.
  • Ample on-site parking.
  • Two parcels included, offering development flexibility.

Property Details for 551 Michigan St

Property type
Retail properties, Land
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9703139
Longitude
-85.6550108
551 Michigan St, Grand Rapids, Michigan

FAQs

What type of property is this?
Retail property - Prime location, two flexible spaces. High visibility, ample parking.
Where is the retail property located?
The property is located at 551 Michigan St Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price for a 0.17-acre lot in Grand Rapids, MI.; Two adaptable spaces in a retail building, suitable for medical, professional, or retail uses.; High-visibility location on Grand Rapids' Medical Mile with excellent foot traffic.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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551 Michigan St
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