Riverfront Commercial Condo in Grand
801 Monroe Avenue NW Grand Rapids, MI 49503
801 Monroe Avenue NW, Grand Rapids, MI, 49503
$450,000
For Sale
$450,000
COMMERCIAL - Grand Rapids, MI
Property Size1,437 SF
Lot Size0.03 Acres
Price / SF$313.15
Days on Market148
Property Features for 801 Monroe Avenue NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- 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
Utilities
- Utilities
- Electricity Available
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
- Water front
- 1
Building Details
- Year built
- 1900
- Number of units
- 1
- Roof type
- Rubber
Listing agency
Fancy Real Estate
(616) 516-5561
Listed by
Hannah Greening
(616) 516-5561
Added: Feb 24 Updated: May 13 at 11:40PM Checked: Jul 22 at 4:06AM
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.
This 1,437 square foot first-floor commercial condo, located in the Monroe North area of Grand Rapids, offers an owner-user opportunity along the Grand River. The unit is move-in ready and suitable for professional office, creative, or wellness purposes. It features two private rooms, a kitchenette, a bathroom, and storage space. The condo has high 12-foot ceilings and a modern industrial aesthetic. Sliding doors provide access to a private patio with direct access to the Riveredge Trail and river views. The property's amenities include secure key card access, surface parking, bike storage, and access to on-site laundry and a fitness center. The property is positioned in the rapidly evolving Monroe North district and offers direct access to the Riveredge Trail and scenic Grand River views. The lot size is 0.03 acres.
Key Highlights
- Rare first‑floor commercial condo with Grand River frontage.
- Move‑in ready condition suitable for office, creative, or wellness use.
- Private patio with direct access to Riveredge Trail and river views.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Maharam
Textile Manufacturer
Next Level Personal ...
Gym & Fitness Center
Wallace Running
Gym & Fitness Center
Mike McAuliffe Sales
Industrial Manufacturer
Landmark Lofts Condo ...
Condominium Complex
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FAQs
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 Avenue NW 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 with Grand River frontage.; Move‑in ready condition suitable for office, creative, or wellness use.; Private patio with direct access to Riveredge Trail and river views.
