1661 Monroe NW Ave Grand Rapids, MI 49505-4658
Property profile & analytics
1661 Monroe NW Ave Grand Rapids, MI 49505-4658
- Industrial properties
- 369,713 SF
- 7.28 lot acres
Property ID
US43-1068497
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- MiEN Company - Monroe / Big Box & Wholesale Store / Furniture & Home Goods
- Dark Sea Studios / Furniture & Home Goods / Home Decor Store
- Markant USA / Furniture & Home Goods
Property Details for 1661 Monroe NW 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,385,000
- AI Estimate
- $8,385,000
Market price range: $8.39M - $22.8MMarket price range: $8.39M - $22.8M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6713
- Latitude
- 42.9938
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$89,338
$0.00
$0.00
$2,906,700
-
$0.00
$0.00
$5,813,400
