40 Monroe Center St NW - Storefront Retail/Office FOR SALE


Grand Rapids, MI 49503
$1,090,000 USD
616-915-9080
40 Monroe Center St NW, Grand Rapids, MI for Sale
$1,090,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 3.84% Cap Rate

40 Monroe Center St NW
Grand Rapids, MI 49503


HIGHLIGHTS

  • Second Floor office condos investment sale
  • Two leased condo units totalling 8,876 sf. The third 4,122 sf condo is available for an owner user.
  • Surrounded by strong office and retail with downtown walkability on Monroe Center
  • Multiple nearby parking options
  • Ideal opportunity for an owner user investment vacant space

OVERVIEW

Located at one of downtown Grand Rapids' most prominent corners, the historic Peck Building, located on Monroe Center, sits at the center of the city's thriving Central Business District — surrounded by top-tier dining, breweries, entertainment, and retail. The second floor is home to two well-established tenants, SeyferthPR and Kolab LLC, providing a reliable & stablized solid income foundationand is perfect for any owner/user buyer. A third suite occupied by Bravo LT on a month-to-month arrangement at below-market rents creates an immediate opportunity — whether for an investor repositioning the asset or an owner-user looking to plant roots in the heart of downtown Grand Rapids.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

3.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2nd Floor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1875

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Division

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CBD-4

APN/PARCEL ID

41-13-25-287-042,41-13-25-287-043,41-13-25-287-044,41-13-25-287-045,41-13-25-287-050

ASK ABOUT THIS PROPERTY

Chip BowlingBradley CompanyMore Info
616-915-9080

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Chip BowlingBradley CompanyMore Info
616-915-9080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.