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100-110 Monroe Center St NW
Grand Rapids, MI 49503
Flat Iron Building · Office Property For Sale
Executive Summary
CBRE is pleased to present the offering of The Flat Iron Building, a landmark, fully-leased mixed-use investment located at 100 Monroe Center Street in the heart of downtown Grand Rapids. The building is fully leased, anchored by Smith, Haughey Rice & Roegge, P.C., while the ground floor is occupied by Old World Olive Press (specialty food), Cinco de Mayo (restaurant), and Grand Rapids Game Show (entertainment). The asking price is $8,868,049, with a cap rate of 8.27% and a Net Operating Income of $733,671. Strategically positioned at the corner of Monroe Center St and Ottawa Ave, the Property benefits from a prime location in a bustling downtown setting surrounded by dining and entertainment options, as well as convenient access to transportation.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
32,106 SF
Building Class
B
Year Built
1858
Price
$8,868,049
Price Per SF
$276.21
Cap Rate
8.27%
NOI
$733,388
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,133 SF
Slab To Slab
13’
Building FAR
3.20
Lot Size
0.23 AC
Zoning
Commercial
Amenities
- Bus Line
Property Taxes
| Parcel Number | 41-13-25-281-076 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,190,200 |
Property Taxes
Parcel Number
41-13-25-281-076
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,190,200
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