Grand Rapids, MI, is experiencing a period of rapid growth and development, making it a prime location for real estate investment. With numerous exciting projects underway and a thriving local economy, this city offers unique opportunities for property investors looking to capitalize on rising property values and expanding infrastructure.
A City on the Rise
Grand Rapids is a city steeped in history, known for its vibrant art scene, diverse culture, and strong economy. In recent years, it has experienced a resurgence, with both new developments and the revitalization of existing infrastructure. From large-scale construction projects to community-driven initiatives, the city is positioning itself as a hub for business, recreation, and lifestyle.
For real estate investors, the most notable aspect of Grand Rapids’ resurgence is the steady rise in property values. While costs for insurance, maintenance, and taxes have increased, the value of properties continues to climb, creating an attractive market for those willing to buy now and hold onto their investments for a few more years. The city’s future is incredibly bright, and with projects scheduled to be completed by 2026, now is a strategic time to invest before prices rise even further.
Major Development Projects Shaping the Future
Several high-profile development projects are underway in Grand Rapids, each of which will contribute to the city’s appeal. These projects, many of which have been in the planning stages for more than a decade, are finally coming to fruition. By 2026, Grand Rapids will boast a number of new attractions and infrastructure improvements that will increase the city’s value and desirability.
Riverside Amphitheater
One of the most exciting upcoming projects is the $184 million Riverside Amphitheater. This 31-acre venue will have a seating capacity of 12,000 and is expected to host over 50 national performers each season. Located on the southwest side of Grand Rapids, the amphitheater will attract both tourists and residents, making the surrounding area a prime spot for investment. Property values in this part of the city are anticipated to rise as more visitors and local flock to the area for entertainment.
Corwell Health Distribution Center
Adding to the economic boost is the construction of a new $80 million distribution center for Corwell Health. This development, located on the former GM Factory site, will create 240 new jobs, further stimulating the local economy. The health sector in Grand Rapids is already thriving, with Corwell Health emerging as the largest employer in Michigan after its merger with Spectrum Health. This center’s proximity to downtown Grand Rapids and easy access to major highways makes it a key development to watch for real estate investors.
New Soccer Stadium
Another significant development is the new soccer stadium, a $175 million project set to replace the current Big Boy restaurant location. With a seating capacity of 8,500, the stadium will host over 50 events annually and is projected to draw 160,000 visitors. As sports and entertainment continue to grow in Grand Rapids, the surrounding neighborhoods will likely see increased demand for housing and rental properties.
Enhancing Quality of Life with River and Trail Projects
Grand Rapids is not just expanding its commercial footprint—it is also improving the quality of life for its residents. One of the most exciting initiatives in this regard is the Grand River restoration project, a $40 million undertaking aimed at removing aging dams and revitalizing a 2.5 mile stretch of the river. The project will make the river safer and more suitable for recreation, which is currently underutilized. With these improvements, the river will become a popular destination for kayaking, fishing, and paddling, boosting the city’s appeal for outdoor enthusiasts and making nearby properties highly desirable.
In addition to the river restoration, the city is investing in a $55 million river trail enhancement project. This initiative will modernize and extend the network of parks and trails along the Grand River, connecting Grand Rapids to Grand Haven. Residents and visitors will be able to bike or hike from downtown Grand Rapids to Lake Michigan, creating a seamless outdoor experience. As the city enhances its recreational spaces, properties near these trails are likely to see an uptick in demand.
The Medical Mile: A Boon for Real Estate
The Grand Rapids Medical Mile, located along Michigan Street, has become a world-class destination for healthcare, clinical research, and academic institutions. This district is home to the Van Andel Institute, the Helen DeVos Children’s Hospital, and Michigan State University’s medical school. Over the years, the Medical Mile has generated over 60,000 jobs and contributed $2 billion to the local economy.
For real estate investors, the Medical Mile presents a unique opportunity. With Thousands of healthcare professionals, researchers, and students coming to Grand Rapids for work and study, there is a constant demand for high-quality housing in the area. As the city continues to grow, the neighborhoods around the Medical Mile are expected to see even more development, making them a key target for investors looking to capitalize on the city’s expanding healthcare sector.
A Growing City with a Bright Future
While Grand Rapids may be small compared to major metropolitan areas, it is rapidly growing and evolving. Neighborhoods like the city’s northwest and southwest sides are seeing increased activity with new restaurants, breweries, and businesses catering to a younger, more diverse population. As Grand Rapids continues to expand westward, property values are expected to appreciate, providing investors with significant long-term returns.
For those considering selling, there is an argument to hold off for a few more years. Property appreciation in Grand Rapids is expected to continue, especially as many of the major developments, such as the Riverside Amphitheater and soccer stadium, come to completion. Holding onto property now could mean benefiting from even greater appreciation in the near future.
Grand Rapids is a city on the verge of a significant transformation. With new infrastructure projects, revitalized recreational spaces, and a thriving healthcare sector, the city is poised for continued growth. Now is the time to take advantage of this growing market and be part of the city’s bright future.
To learn more, head to our YouTube channel to watch as Tim, owner of United Properties, shows you all of these exciting developments with the help of his drone.
Sergio joined United Properties in 2020. He is a graduate from Pickens Technical College as a Nurse Assistant and as a Small Animal Care Provider in 2010. In the past nine years, Sergio has had various jobs, all focused around customer service.
Eden joined United Properties in 2016. Eden graduated from Davenport University in 2015 with an Associate’s in Business Administration. She’s the Executive Assistant to the Owner of United Properties, with a focus on procedural documentation. She enjoys playing guitar, reading, and doing outdoor activities. Eden is trilingual and able to communicate in English, Spanish, and American Sign Language. 
David joined the United Properties team in 2019 as the Director of Client Relations and Business Development. In this capacity, he is responsible for leading all leasing, application underwriting, tenant relations, accounts receivable, process improvement, remote workers, and general office functionality (essentially anything outside of maintenance and service). David comes from a longstanding career at a Fortune 15 company primarily in a sales and customer service leadership role.
Matthew joined the United Properties in early 2020. He is a graduate of Lee University with a bachelor’s in Intercultural Studies and also a master’s in Discipleship and Christian Formation. Matthew serves as a project manager over the Rent Ready process. He has 20 years of construction experience and over 10 years of experience in leadership positions. He oversees a team of technicians and schedules outside vendors getting properties back to the United rent-ready standard so that they can be leased again.
Carla joined United Properties in late 2019 as a billing specialist. Carla ensures invoices are received from contractors and bills them out in a timely fashion.
Cristina joined United Properties as the Accounting and Billing Team Lead in October of 2020. She has experience as a technology professional, an English-Spanish translator, and has worked the past several years as the treasurer of her condominium.
Rick joined United Properties in 2020 as a Service Coordinator and then later transitioned to the Collections team, where his customer service shines. Rick has an extensive background in customer service and enjoys being able to resolve issues. He and his wife are raising their two kids and in his free time, Rick enjoys making his own homemade jerky.
Harriet joined United Properties as a Accounting & Billing Specialist in February of 2021. She has experience as a bookkeeper and a Property Manager for a Real Estate account. She was a working student during her college days. Harriet loves cleaning because she thinks it is therapeutic. She also loves watching series during her free time, and she’s a fur mom of one dog. Her inspiration to work every day is her family.
Diego has an extensive background in customer service and, most recently in Maintenance and
Paulina joined United in early 2021 as a Leasing Assistant. She has a background studying social work, with several years of experience in customer service. She speaks English and Spanish fluently and loves to learn. Paulina enjoys small road trips and cold, rainy weather. Her dog is her favorite thing in the world.
Jessica has a Bachelor’s Degree in Financial strategies and public accounting and is studying a masters in Blockchain and Fintech regulation. She has previous experience as a customer service representative. She speaks English and Spanish. She loves taking long walks with her three dogs, hiking and road tripping during the weekends.
Chris Good is new to the United Properties Team since June 2022 as a Business Development Manager. With years of experience in both the construction industry (Master Electrician) and the Real Estate industry (Broker), he will closely work with new and experienced investors to facilitate their real estate goals.
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