$1,500,000
Grand Rapids, MI 49501
MLS# 26017638
1 / 52
Property Description
DOWNTOWN GRAND RAPIDS INVESTMENT OPPORTUNITY! Prime mixed-use building with the opportunity for redevelopment in a highly sought-after downtown location. This four-story property includes five fully equipped residential units and a flexible main-floor office space with kitchen, full bath, and washer/dryer. Located near hospitals, research facilities, and the medical mile, this property's position supports both residential and commercial growth strategies. Reach out for additional details and to schedule a private showing.
Details
Maps
Location Property Info
County: Kent
Street #: 22
Street Name: Crescent
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49501
OfficeContract Info
Status: Active
Current Price: $1,500,000
List Price: $1,500,000
Listing Date: 2026-04-23
General Property Info
Lot Measurement: Acres
Lot Square Footage: 3049
Lot Acres: 0.07
Lot Dimensions: IRR
Year Built: 1910
New Construction: No
Cert of Compliance: Yes
Road Frontage: 150
Total # Units: 5
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 411430106001
Taxable Value: 116419
SEV: 331800
For Tax Year: 2025
Seller's Annual Property Tax: 5500
Tax Year: 2025
Homestead %: 100
Spec Assessment & Ty: N/A
Zoning: C-3a City Cente
Access Feat
Accessibility Features: No
Income and Expenses
Gross Op. Inc.: 39960
Unit 1
Unit #: 1
Unit Description: Pkg available
SqFt: 500
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: #2
SqFt: 475
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: #3
SqFt: 500
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: #4
SqFt: 475
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: Ground Floor Office
SqFt: 1000
Occupied: No
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Main Level
Exterior Material: Stucco
Substructure: Walk-Out Access
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available; Natural Gas Available
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Mini-Split
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: See Remarks
Sale Conditions: None
Unit 1: A/C Unit; Dishwasher; Garb Disp; Range Oven; Refrigerator
Unit 2: A/C Unit; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Dishwasher; Garb Disp; Refrigerator
Unit 4: A/C Unit; Dishwasher; Range/Oven; Refrigerator
Unit 5: Central Air; Washer/Dryer
Listing Office: The Local Element
Listing Agent: Lynette Fitzpatrick
Last Updated: April - 24 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
