1661 Monroe Ave Grand Rapids, MI 49505

Property Details for 1661 Monroe Ave

Year built

1982

Lot size

7.28 lot acres

Property size

369,713 SF

Zone code

TN-TCC

Property type

Industrial properties

APN

41-13-13-276-008

APU

411313276008

Description

This exceptional $12,000,000 investment opportunity presents a remarkable 170,500 square foot, five-story brick building situated on a 3.76-acre lot in Grand Rapids, Michigan. Constructed in 1872, this historic post and beam structure, with its L-shaped configuration, offers significant potential for adaptive reuse as a high-density residential development, accommodating an estimated 200-240 units. The building boasts impressive features including high ceilings with exposed timber beams, wood ceilings and floors, and large windows providing ample natural light. The interior layout is well-suited for a "double load" residential unit design with a central hallway. The property features over 450 feet of Grand River frontage and is part of a planned site condominium with over 930 feet of waterfront access. Over two acres of paved surface area provide ample on-site parking, a valuable asset in a rapidly revitalizing urban area. Additional street parking is also available. The building shares a party wall with a renovated industrial warehouse, now the headquarters of an education-focused furniture manufacturer, minimizing potential noise and disruption. This prime location offers excellent visibility from US-131 Highway and is situated in the rapidly developing North Monroe District, providing easy access to downtown Grand Rapids and the freeway. The property's proximity to the Creston Business District/North Quarter Corridor Improvement District further enhances its investment appeal. The permitted zoning is TN-TCC (Traditional Neighborhood - Transitional City Center). This unique property offers a blend of historic charm and modern development potential in a thriving urban setting.