Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Monroe Center St NW 87 Grand Rapids, MI 49503

    For Lease
    $25 SF/Yr ($7,272 /Mo)

    Retail space in downtown Grand Rapids, available Fall 2024.

    Property size:
    3,491 SF
    Lot size:
    0.13 Acres

    Property Features for Monroe Center St NW 87

    General Information

    Size
    3,491 SF
    Lot size
    0.13 Acres

    Source: Signature Associates Agent Joe Rizqallah

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

    Overview

    Downtown Grand Rapids Retail Space

    This retail space is located in downtown Grand Rapids, suitable for businesses such as coffee shops, cafes, restaurants, or grab-and-go establishments. The property is positioned within walking distance of the Van Andel Arena, various restaurants and bars, and Rosa Park Circle. The suite is adjacent to a hallway that provides access to a City of Grand Rapids parking ramp, with an estimated daily foot traffic of over 300 people. The space will be available in Fall 2024 and has a size of 3491 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.667456
    Latitude
    42.963718

    Nearby Similar for Lease

    • $10 SF/Yr
      5,000 SF

      Two-Story Office Building For Rent

      Two-story office building with elevator and handicap access for rent.
      825 Leonard St NE, Grand Rapids, MI 49503
      View Details
    • $27 SF/Yr
      2,480 SF

      Restaurant Space in Grand Rapids Hotel

      Fully built-out restaurant space with liquor license in busy hotel.
      6569 Clay Ave SW, Grand Rapids, MI 49548
      View Details
    • $19 SF/Yr
      1,760 SF

      Grand Rapids Commercial Building For Lease

      Free-standing commercial building in vibrant Grand Rapids corridor.
      1052 Wealthy St SE, Grand Rapids, MI 49506
      View Details
    • $19 SF/Yr
      3,126 SF

      Modern Retail Suites on Cesar Chavez

      New retail suites in a growing Grand Rapids commercial district.
      1010 E Chavez Ave SW, Grand Rapids, MI 49503
      View Details
    • $7 SF/Yr
      Pending

      Versatile Commercial Space, Grand Rapids

      Office and warehouse space with loading dock in Grand Rapids.
      833 Ottawa Ave NW, Grand Rapids, MI 49503
      View Details
    • $22 SF/Yr
      600 SF

      Retail/Office Space in Grand Rapids

      600 SF retail or office space in thriving business district.
      456 Leonard St NW, Grand Rapids, MI 49504
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in downtown Grand Rapids, available Fall 2024.
    Where is this retail space located?
    The property is located at Monroe Center St NW 87 Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Grand Rapids location.; - High foot traffic due to proximity to parking ramp (300+ people daily).; - Ideal for coffee, café, restaurant, or grab-and-go business.
    (616) 822-6310
    Request Owner's contact information
    Monroe Center St NW 87 Grand Rapids, MI 49503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Monroe Center St NW 87
    Grand Rapids, MI 49503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Monroe Center St NW 87 Grand Rapids, MI 49503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.