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1140 Monroe Ave NW Grand Rapids, MI 49503

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For Sale
$5,500,000

45,417 SF mixed-use building in Grand Rapids, Michigan.

Lot size:
2.41 Acres

Property Features for 1140 Monroe Ave NW

General Information

Lot size
2.41 Acres

Source: Fancy Real Estate Agent Zoe Wyatt

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Building in North Monroe

The property at 1140 Monroe Ave NW is a 45,417 square foot mixed-use building located on 2.4 acres in Grand Rapids’ North Monroe District. The building is fully leased to a mix of office and retail tenants, including Network 180, Med 1, Subway, and Midwest Movement Collective. Capital improvements since 2023 have exceeded $300,000. These improvements include replacement of the north and south parking lots, roof and mechanical upgrades, HVAC and elevator maintenance, key plumbing and electrical updates, and the installation of a full security camera system around the building.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Tuscan Liquors Liquor Store ageless skin care ... Skin Care Clinic LibertyX Bitcoin ATM Atm MED-1 Occupational Health ... Occupational Health Service Midwest Movement Collective Dance Company

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.6698082
Latitude
42.9837886

FAQs

What type of property is this?
Mixed-use property - 45,417 SF mixed-use building in Grand Rapids, Michigan.
Where is this mixed-use property located?
The property is located at 1140 Monroe Ave NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: - Fully leased mixed-use building in Grand Rapids' rapidly growing North Monroe District.; - Projected cap rate of 8.5%.; - Significant capital improvements totaling over $300,000 since 2023, including parking lot replacements, roof and mechanical upgrades.
More about this property
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