First-Floor Riverfront Office
For Sale
$349,900
801 Monroe Avenue NW 105, Grand Rapids, MI 49503
Two private rooms, kitchenette, bathroom, storage, and patio support flexible office, creative, or wellness use.
Property Size1,437 SF
Price / SF$243.49
Days on Market19
Property Features for 801 Monroe Avenue NW 105
General Information
Standard status
Active
Size
1,437 SF
Financials
Asking Price
$450,000
HOA Fee
$903
Additional Details
Floor
First Floor
Office Units
1
Amenities
private patio
river views
secure key card access
bike storage
on-site laundry
fitness center access
Listing Agency:
Fancy Real Estate
(616) 516-5561
Listed By:
Hannah Greening
Source:
Charterpropertiesgr
Added: Sep 18
Changed: Oct 6
Last Checked: Oct 5 at 6:46PM
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.
Suite 105 is a 1,437-square-foot, first-floor commercial condominium at 801 NW Monroe Avenue in Grand Rapids. The interior includes two private rooms, a kitchenette, bathroom, and storage, with 12-foot ceilings and a contemporary industrial character. Sliding doors connect the suite to a private patio.
The property fronts the Grand River and provides direct access to the Riveredge Trail. Building amenities include secure key-card entry, surface parking, bike storage, on-site laundry, and access to a fitness center. The space is suited to professional office, creative, or wellness uses.
The property fronts the Grand River and provides direct access to the Riveredge Trail. Building amenities include secure key-card entry, surface parking, bike storage, on-site laundry, and access to a fitness center. The space is suited to professional office, creative, or wellness uses.
Key Highlights
- 1,437 SF first‑floor commercial condominium in Suite 105
- Two private rooms, kitchenette, bathroom, and storage
- 12‑foot ceilings with a contemporary industrial interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,431
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,620
$268.6K
Cap Rate 7%
$191,871
$191.9K
Cap Rate 9%
$149,233
$149.2K
Market Conditions
NOI Build-Up for 1,437 SF
Gross rent
$23.1K $16.08/SF
− Vacancy
−$5.2K −$3.62/SF
EGI
$17.9K $12.46/SF
− OpEx
−$4.5K −$3.12/SF
NOI
$13.4K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,620
Cap Rate 7%
$191,871
Cap Rate 9%
$149,233
Alternative Uses
Best Use
Office B
$191.9K
$167.9K – $223.9K
NOI $13,431 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.5K
$291.8K – $389.1K
NOI $23,344 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Two private rooms, kitchenette, bathroom, storage, and patio support flexible office, creative, or wellness use.
Where is this office units located?
The property is located at 801 Monroe Avenue NW 105 Grand Rapids, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,437 SF first‑floor commercial condominium in Suite 105; Two private rooms, kitchenette, bathroom, and storage; 12‑foot ceilings with a contemporary industrial interior
