$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
Cross Streets: Crescent + Division
Property Sub-Type: 5+ Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: IRR
Road Frontage: 150
Cert of Compliance: Yes
Waterfront: No
Basement: No
Total # Units: 5
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 3049
Lot Acres: 0.07
Year Built: 1910
Tax Info
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
Tax ID #: 411430106001
Remarks & Misc
Public Remarks: 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.
Legal: FRACTIONAL PART OF LOTS 3, 6 & 7 BLK 23* DEXTER FRACTION* COM ON W LINE OF LOT 7, 313 1/2 FT N OF N LINE OF LYON ST TH E 65 FT MORE OR LESS TO SW LY LINE OF CRESCENT ST NW LY ALONG SD SW LY LINE 150 FT MORE OR LESS TO ITS INTERSECTION WITH E LINE OF ALLEY THROUGH SD BLK S ALONG E LINE OF SD ALLEY TO BEG
Income and Expenses
Gross Op. Inc.: 39960
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Natural Gas Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
Main Level: 1
Exterior Material
Stucco: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Mini-Split: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Walk-Out Access: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Pkg available
SqFt: 500
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Dishwasher: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: #2
SqFt: 475
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: #3
SqFt: 500
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
A/C Unit: 1
Dishwasher: 1
Garb Disp: 1
Refrigerator: 1
Unit 4
Unit #: 4
Unit Description: #4
SqFt: 475
Occupied: Yes
Monthly Rent: 2000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit #: 5
Unit Description: Ground Floor Office
SqFt: 1000
Occupied: No
Monthly Rent: 0
Bathrooms: 1
Full Baths: 1
Central Air: 1
Washer/Dryer: 1
Possession
See Remarks: 1
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
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
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