Riverfront Commercial Condo in Grand
For Sale
$450,000
801 Monroe Ave NW 105, Grand Rapids, MI 49503
Move-in ready commercial condo with river views and trail access.
Property Size1,437 SF
Price / SF$313.15
Days on Market99
Property Features for 801 Monroe Ave NW 105
General Information
Standard status
Active
Size
1,437 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Fancy Real Estate
(616) 516-5561
Listed By:
Hannah Greening
(616) 516-5561
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 12:44PM
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 Fancy Real Estate
Investment Insights
Based on property information with market context.
This 1,437 square foot first-floor commercial condo is located along the Grand River in Grand Rapids, in the Monroe North district. It is suitable for professional office, creative, or wellness use. The unit features two private rooms, a kitchenette, a bathroom, and storage. It has 12-foot ceilings and a modern industrial aesthetic. Sliding doors open to a private patio with direct access to the Riveredge Trail and river views. Building amenities include secure key card access, surface parking, bike storage, on-site laundry, and fitness center access. The property is positioned in a rapidly evolving district and offers direct access to the Riveredge Trail and scenic Grand River views. The bike score is 53, making it bikeable. The walk score is 79, indicating it is very walkable. The transit score is 35, suggesting some transit options are available.
Key Highlights
- Rare first‑floor commercial condo along the Grand River with river views and direct Riveredge Trail access.
- Move‑in ready condition, ideal for professional office, creative, or wellness use.
- Located in the rapidly evolving Monroe North district of Grand Rapids.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $16.08 |
| − Vacancy | −$5.2k | −$3.62 |
| EGI | $17.9k | $12.46 |
| − OpEx | −$4.5k | −$3.12 |
| NOI | $13.4k | $9.35 |
1,437 SF · lease $16.08/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$191.9K
$167.9K – $223.9K
NOI $13,431 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.5K
$291.8K – $389.1K
NOI $23,344 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,016
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 units - Move-in ready commercial condo with river views and trail access.
Where is this office units located?
The property is located at 801 Monroe Ave NW 105 Grand Rapids, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Rare first‑floor commercial condo along the Grand River with river views and direct Riveredge Trail access.; Move‑in ready condition, ideal for professional office, creative, or wellness use.; Located in the rapidly evolving Monroe North district of Grand Rapids.
