20 & 22 Crescent Street NE, Grand Rapids, MI 49501 (MLS# 26017638)

20 & 22 Crescent Street NE, Grand Rapids, MI 49501

$1,500,000

Property Type: Multi Family Lot Size (sq. ft.): 3,049 Status: Active

Current Price: $1,500,000 List Date: 4/24/2026 Last Modified: 4/28/2026

Overview

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 hookup. 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.

Listing Details MLS# 26017638

Location Property Info

County: Kent
Street #: 20 & 22
Street Name: Crescent
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49501

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: 6
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Basement: No

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

More Information

Unit 1

Unit #: Yes
Unit Description: Pkg available
SqFt: 500
Occupied: Yes
Monthly Rent: 2000
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Dishwasher: Yes
Garb Disp: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit #: 2
Unit Description: #2
SqFt: 475
Occupied: Yes
Monthly Rent: 2000
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Dishwasher: Yes
Garb Disp: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3

Unit #: 3
Unit Description: #3
SqFt: 500
Occupied: Yes
Monthly Rent: 2000
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
A/C Unit: Yes
Dishwasher: Yes
Garb Disp: Yes
Refrigerator: Yes

Unit 4

Unit #: 4
Unit Description: #4
SqFt: 475
Occupied: Yes
Monthly Rent: 2000
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 5

Unit #: 5
Unit Description: Ground Floor Office
SqFt: 1000
Occupied: No
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 0
Central Air: Yes
Washer/Dryer: Yes

Unit 6

Unit Description: 20 Crescent
SqFt: 1000
Occupied: Yes
Monthly Rent: 2000
Bathrooms: 2
Full Baths: 2

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

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 hookup. 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

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Natural Gas Available: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

Main Level: Yes

Exterior Material

Stucco: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes
Mini-Split: Yes

Tenant Pays

None: Yes

Driveway

Paved: Yes

Substructure

Walk-Out Access: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

See Remarks: Yes

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: Central Air; 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 - 28 - 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.