Riverfront Office
801 Monroe Avenue #105, Grand Rapids, MI 49503
For Sale
New
$349,900
Two private rooms, a kitchenette, and a patio support a range of professional uses.
Property Size1,437 SF
Price / SF$243.49
Days on Market3
Property Features for 801 Monroe Avenue #105
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Condition
Financials
Asking Price
HOA Fee
Site & Location
Neighborhood
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
secure key card access
surface parking
bike storage
on-site laundry
fitness center access
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Fancy Real Estate
(616) 516-5561
Listed By:
Hannah Greening
Source:
Homeflexrealty
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 2:36PM
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
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Investment Insights
Based on property information with market context.
This 1,437-square-foot, first-floor office condo includes two private rooms, a kitchenette, a bathroom, and storage. Twelve-foot ceilings and a modern industrial finish define the interior. Sliding doors connect the unit to a private patio, with views of the Grand River and access to the Riveredge Trail.
The property is at 801 Monroe Avenue in Grand Rapids and is zoned TCC. Building amenities include secure key-card entry, surface parking, bike storage, on-site laundry, and access to a fitness center. The unit was built in 1900.
The property is at 801 Monroe Avenue in Grand Rapids and is zoned TCC. Building amenities include secure key-card entry, surface parking, bike storage, on-site laundry, and access to a fitness center. The unit was built in 1900.
Key Highlights
- First‑floor commercial condo with 1,437 square feet
- Two private rooms, kitchenette, bathroom, and storage
- 12‑foot ceilings and a private patio with sliding‑door access
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,016
Businesses Nearby
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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
$224,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Grand Rapids, MI
Properties on Market for Office Units in Grand Rapids
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Two private rooms, a kitchenette, and a patio support a range of professional uses.
Where is this office unit located?
The property is located at 801 Monroe Avenue #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: First‑floor commercial condo with 1,437 square feet; Two private rooms, kitchenette, bathroom, and storage; 12‑foot ceilings and a private patio with sliding‑door access
