Office Unit with Private
For Sale
$349,900
801 Monroe Avenue NW, Grand Rapids, MI 49503
Commercial Sale, Grand Rapids, MI
Property Size1,437 SF
Lot Size0.03 Acres
Price / SF$243.49
Days on Market224
Property Features for 801 Monroe Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
TCC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Landmark Lofts
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
41-13-24-441-008
Size
1,437 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 8 * LANDMARK LOFTS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.544 LIBER 5483 PAGE 640 AS AMENDED BY INSTRUMENT NO.
Tax Annual Amount
5547
Legal Description
UNIT 8 * LANDMARK LOFTS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.544 LIBER 5483 PAGE 640 AS AMENDED BY INSTRUMENT NO.
Utilities
Utilities
Electricity Available
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air
Water front
1
Amenities
secure key card access
bike storage
on-site laundry
fitness center access
Building Details
Year built
1900
Number of units
1
Roof type
Rubber
Listing Agency:
Fancy Real Estate
Listed By:
Hannah Greening
(616) 516-5561
Added: Feb 24
Changed: Oct 5
Last Checked: Oct 6 at 10:06AM
MLS# 26006652
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Suite 105 is a 1,437-square-foot, first-floor office condominium with two private rooms, a kitchenette, bathroom, and storage. Twelve-foot ceilings and sliding doors leading to a private patio define the interior layout. The unit also includes central air conditioning and heat pump and forced-air heating.
At 801 Monroe Avenue NW in Grand Rapids, the patio connects directly to the Riveredge Trail and offers views of the Grand River. Building features include key-card entry, surface parking, bike storage, on-site laundry, and access to a fitness center.
At 801 Monroe Avenue NW in Grand Rapids, the patio connects directly to the Riveredge Trail and offers views of the Grand River. Building features include key-card entry, surface parking, bike storage, on-site laundry, and access to a fitness center.
Key Highlights
- 1,437‑square‑foot first‑floor commercial condominium
- Two private rooms, kitchenette, bathroom, and storage
- 12‑foot ceilings and sliding doors to a private patio
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
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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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - First-floor commercial condominium with two enclosed rooms, kitchenette, and direct outdoor access.
Where is this office units located?
The property is located at 801 Monroe Avenue NW 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‑square‑foot first‑floor commercial condominium; Two private rooms, kitchenette, bathroom, and storage; 12‑foot ceilings and sliding doors to a private patio
