100-110 Monroe Center St NW - Office FOR SALE


Grand Rapids, MI 49503- Downtown Grand Rapids
$8,868,049 USD
616-799-6629
100-110 Monroe Center St NW, Grand Rapids, MI for Sale
$8,868,049 USD
Office - FOR SALE
1/10
null | 8.27% Cap Rate

100-110 Monroe Center St NW
Grand Rapids, MI 49503
Downtown Grand Rapids


OVERVIEW

CBRE is pleased to present the offering of The Flat Iron Building, a landmark, fully-leased mixed-use investment located at 100 Monroe Center Street in the heart of downtown Grand Rapids. The building is fully leased, anchored by Smith, Haughey Rice & Roegge, P.C., while the ground floor is occupied by Old World Olive Press (specialty food), Cinco de Mayo (restaurant), and Grand Rapids Game Show (entertainment). The asking price is $8,868,049, with a cap rate of 8.27% and a Net Operating Income of $733,671. Strategically positioned at the corner of Monroe Center St and Ottawa Ave, the Property benefits from a prime location in a bustling downtown setting surrounded by dining and entertainment options, as well as convenient access to transportation.

FOR SALE DETAILS

PRICE

$8,868,049 USD

PRICE/SF

$276 USD /SF

CAP RATE

8.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flat Iron Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1858

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

41-13-25-281-076

ASK ABOUT THIS PROPERTY

616-799-6629

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616-799-6629

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