Historic Peck Building in
For Sale
Contact for pricing
40 Monroe Center St NW, Grand Rapids, MI 49503
Prime downtown location with established tenants and value-add opportunity.
Property Size12,998 SF
Price / SF$73.09
Days on Market154
Property Features for 40 Monroe Center St NW
General Information
Standard status
Active
Size
12,998 SF
Property subtype
Office
Zoning
CBD-4
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$41,852
Building Details
Buildings
1
Stories
3
Listing Agency:
Bradley Company Grand Rapids
(616) 254-0005
Listed By:
Teresa Datema · License #MI 6501442503
Source:
Crexi
Added: Mar 12
Changed: Aug 12
Last Checked: Aug 11 at 10:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company Grand Rapids
Investment Insights
Based on property information with market context.
Located on Monroe Center, in the heart of Grand Rapids' central business district, the historic Peck Building is surrounded by dining, breweries, entertainment, and retail options. The second floor houses two established tenants, SeyferthPR and Kolab LLC, providing a stable income foundation. A third suite, currently occupied on a month-to-month basis at below-market rents, presents an opportunity for repositioning the asset or for an owner-user to establish a presence in downtown Grand Rapids. The property size is 12998 square feet.
Key Highlights
- Prime downtown Grand Rapids location on Monroe Center, surrounded by dining, breweries, entertainment, and retail.
- Stable income from two established tenants (SeyferthPR and Kolab LLC).
- Opportunity for owner‑user or investor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Prime downtown location with established tenants and value-add opportunity.
Where is this office building located?
The property is located at 40 Monroe Center St NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime downtown Grand Rapids location on Monroe Center, surrounded by dining, breweries, entertainment, and retail.; Stable income from two established tenants (SeyferthPR and Kolab LLC).; Opportunity for owner‑user or investor.
