NEW PRICE! Downtown GR Bank/Retail Condo For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30655862
Property Subtypes: Convenience Store, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 12,129 SF
Gross Building Area: 90,665 SF
Gross Land Area: 0.19 Acres
Sale Price: $2,275,000
Unit Price: $187.57 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 Bank/Retail/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 Exclusive–Building Signage and Naming Rights facing Monroe Center and Ionia, Private Front Door entrance, Sidewalk street melt system, Professionally landscaped planters, Rooftop deck for building tenants, Dramatic Two-story windows with granite sills 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.

Sale is subject to condo split: Will include Basement (2,814 SF), Main Floor (6,325 SF), Mezzanine (2,990 SF). 9 Parking Spaces (7 Covered) available for transfer to new owner.

*Also available as entire 16,933 SF Condo: Basement (2,814 SF), Main Floor (6,325 SF), Mezzanine (2,990 SF) and Second Floor (4,804 SF).
*Also available For Sale as 2nd Floor (4,804 SF) subject to condo split

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-25-287-200
Zoning: TN-CC
Retail Clientele: General, Business, Other
Property Located Between: Located on the NE corner of Monroe Center and Ionia
Property Visibility: Excellent
Largest Nearby Street: Monroe Center
Highway Access: Access to I-96 and US-131
Airports: Kent County International Airport
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

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,043 148,466 291,466
Median Age: 28.66 30.88 33.6
Households: 8,419 55,537 111,854
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.