Historic Building
For Sale
Contact for pricing
53 Monroe Center St NW, Grand Rapids, MI 49503
Retail space in downtown Grand Rapids’ Belford Building, near Rosa Parks Circle and Van Andel Arena.
Property Size3,225 SF
Days on Market131
Property Features for 53 Monroe Center St NW
General Information
Standard status
Active
Size
3,225 SF
Property subtype
Retail
Listing Agency:
Michael Cagen, L.L.C.
Listed By:
Michael Cagen · License #MI 6502377154
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 29 at 2:20PM
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 Michael Cagen, L.L.C.
Investment Insights
Based on property information with market context.
This storefront property occupies a suite within Grand Rapids’ historic Belford Building at 53 Monroe Center St NW. The recently vacated space contains 3,225 rentable square feet and is positioned within an established downtown retail and entertainment corridor.
The property sits near Rosa Parks Circle and Van Andel Arena, with access to the surrounding downtown activity and pedestrian environment. Rockford Property Management currently handles professional management and is available to continue overseeing operations after a transaction. The offering includes a pro forma cap rate of 12.17%.
The property sits near Rosa Parks Circle and Van Andel Arena, with access to the surrounding downtown activity and pedestrian environment. Rockford Property Management currently handles professional management and is available to continue overseeing operations after a transaction. The offering includes a pro forma cap rate of 12.17%.
Key Highlights
- 3,225 rentable square feet in the recently vacated 53 Monroe Center suite
- Located within Grand Rapids’ historic Belford Building
- Near Rosa Parks Circle and Van Andel Arena
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,721
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Shops & Services 31%
Dining 13%
Holiday Inn Grand Rapids Downtown, an IHG Hotel
Hotels & Casinos
8,712 visits/mo
0.4 miles
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.0 miles
Mobil
Shops & Services
7,368 visits/mo
0.4 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
1,051 visits/mo
0.2 miles
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
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Similar Off Market Nearby
- Living Product Sinc — 300 Ionia Ave SW, Grand Rapids, MI 49503
Frequently Asked Questions
What type of property is this?
Storefront property - Retail space in downtown Grand Rapids’ Belford Building, near Rosa Parks Circle and Van Andel Arena.
Where is this storefront property located?
The property is located at 53 Monroe Center St NW Grand Rapids, MI.
What are key features of this property?
This property features: 3,225 rentable square feet in the recently vacated 53 Monroe Center suite; Located within Grand Rapids’ historic Belford Building; Near Rosa Parks Circle and Van Andel Arena
