Downtown GR Office Condo For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30655854
Property Subtypes: Convenience Store, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,804 SF
Gross Building Area: 90,665 SF
Gross Land Area: 0.19 Acres
Sale Price: $975,000
Unit Price: $202.96 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Cityview Building (People's Building)
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

One-Of-A-Kind Historic 4,804 SF Office Condo Available in the Beautiful, Unique, 12-story, Mixed-use, People’s building featuring Original, ornate marble, granite, and brick architecture inside and out on the Magnificent Monroe Center.

Located in the heart of the Grand Rapids’ Designated Retail District in the Central Business District of Downtown Grand Rapids. The Building includes 25 high-end residential condos, commercial office tenants located on the 2nd, 3rd, 4th and 5th floors, and featuring the subject property currently known as First Community Bank Condo on main floor entrance.

Amenities include Private Front Door entrance, Sidewalk street melt system, Professionally landscaped planters, Rooftop deck for building tenants, Dramatic views with incredible exposure on Monroe Center in downtown Grand Rapids. Front Door metered parking and many nearby parking garages available for visitor parking options. Walking distance to all major Downtown Grand Rapids attractions such as DeVos Convention Center, GRAM, VanAndel Arena, among popular hotels, restaurants, breweries and shopping.

Office Condo (4,804 SF) is subject to condo split of Unit 1 which consists of Basement (2,814 SF), Main Floor (6,325 SF), Mezzanine (2,990 SF) and Second Floor (4,804 SF).

*Also available For Sale as Entire Condo Unit (16,933 SF) or Main Floor, Mezzanine, and Basement Condo subject to condo split (12,129 SF)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Taxing Authority: Grand Rapids
Tax ID/APN: 41-13-25-287-100
Zoning: TN-CC
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Largest Nearby Street: Monroe Center
Highway Access: Access to I-96 and US-131
Airports: Kent County International Airport
Site Description: 41-02-80-320-825
Area Description: DIRECTIONS: Corner of Monroe Center and Ionia
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 12
Property Condition: Excellent
Passenger Elevators: 2
Zoning Description: City of Grand Rapids Zoning Use Details Available by Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,801 148,466 291,466
Median Age: 28.61 30.88 33.6
Households: 8,681 55,537 111,854
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