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    40 Monroe Center St Grand Rapids, MI 49503

    Sponsored
    For Lease
    $16 SF/Yr ($11,466 /Mo)

    Historic Downtown Office Suites, 4 Spaces

    Lot size:
    8,390 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Peck Building, a historic landmark in Grand Rapids' Central Business District, offers exceptional office space for lease. This 8,390 square foot building is currently fully vacant and available for immediate occupancy. The property features multiple suites ranging from 1,755 to 4,195 contiguous square feet, providing flexibility for businesses of various sizes. Each suite has been beautifully remodeled and boasts convenient access from both Monroe Center Avenue and Division Avenue. A key advantage is the inclusion of an attached kitchen with venting, which can be incorporated into any leased space. The building's prime location places it within walking distance of numerous restaurants, bars, breweries, entertainment venues, and shopping options, offering employees a vibrant and convenient urban environment. The property is zoned commercial and located in Kent County, Michigan, at 40 Monroe Center St NW, Grand Rapids, MI 49503. This is a rare opportunity to secure prestigious office space in a highly desirable location. The building's historic charm combined with modern updates makes it an ideal setting for a variety of businesses. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 40 Monroe Center St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,390 SF
    Total Rate
    11466.33

    Unit(s) available at that property

    Space
    Suite 105
    Size
    4,195 SF
    Rate per SF
    $25
    Space
    Suite 105B
    Size
    1,755 SF
    Rate per SF
    $25
    Space
    Suite 200
    Size
    4,122 SF
    Rate per SF
    $16
    Space
    Suite 201
    Size
    439 SF
    Rate per SF
    $16

    HighLights

    • Newly renovated space.
    • High ceilings throughout.
    • Open floor plan design.
    • Excellent building and pylon signage at Monroe Center Ave. and Division Ave.
    • Ample nearby parking.
    • NNN rent: $9.11 PSF (includes condo fees).
    Property Profile Location Intelligence

    Current Use by Public Records

    Holly Hair and Extensions Hair Salon Shinola Grand Rapids ... Watch Store ESSNTLS Lab Facial Spa Oh, Hello Co. ... Gift Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6682805
    Latitude
    42.964256

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Office Suites, 4 Spaces
    Where is this office property / space located?
    The property is located at 40 Monroe Center St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $16-$25 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated space.; High ceilings throughout.; Open floor plan design.
    Request Owner's contact information
    40 Monroe Center St Grand Rapids, MI 49503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Monroe Center St Grand Rapids, MI 49503
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