99 Monroe AveGrand Rapids, MI 49503

This exceptional Class A office building, located at 99 Monroe Ave NW in Grand Rapids, Michigan, presents a compelling investment opportunity. The 12-story, 184,488 square foot building, constructed in 1983 and renovated in 2014, sits on a 1.08-acre lot and boasts a 90.8% occupancy rate. Currently operating under a modified lease structure with multiple tenants, the property offers a strong, stable tenant roster, ensuring consistent cash flow. The asking price is $32,900,000, representing a price per square foot of $178.33 and a 5.81% cap rate. Amenities include on-site parking, a fitness center, a conference room, an on-site restaurant (Panera Bread), and front desk security. Its prime location in the Central Business District provides unparalleled accessibility to downtown amenities and major roadways like US-131 and 196. The property is zoned 201-commercial-improved and features a convenient location within the city's skywalk system. This investment offers a blend of immediate return and long-term growth potential in a thriving urban market. The property's strong tenant mix and high occupancy rate contribute to its financial stability and attractiveness to investors seeking a secure and profitable asset. The building's modern amenities and desirable location create a highly sought-after workplace environment, further enhancing its value and appeal.