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53 Monroe Center St NW 3,225 SF of Retail Space Available in Grand Rapids, MI 49503
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,225 SF | Negotiable | $12.50 /SF/YR $1.04 /SF/MO $40,313 /YR $3,359 /MO | Triple Net (NNN) |
1st Floor
3225 SF of of prime retail
- Lease rate does not include utilities, property expenses or building services
- Walkable location in downtown Grand Rapids
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 53 Monroe Center St NW, Grand Rapids, MI 49503
- Tenant
- Description
- US Locations
- Reach
- Grand Rapids Heating & Colling Pros
- Restaurant
- 1
- -
- Jadestone
- Retailer
- 1
- -
- The Charter group
- Information
- 1
- -
| Tenant | Description | US Locations | Reach |
| Grand Rapids Heating & Colling Pros | Restaurant | 1 | - |
| Jadestone | Retailer | 1 | - |
| The Charter group | Information | 1 | - |
Property Facts
| Total Space Available | 3,225 SF | Gross Leasable Area | 3,225 SF |
| Property Type | Retail | Year Built/Renovated | 2003/2005 |
| Property Subtype | Storefront Retail/Residential | Cross Streets | Monroe Center and Ionia Ave |
| Total Space Available | 3,225 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,225 SF |
| Year Built/Renovated | 2003/2005 |
| Cross Streets | Monroe Center and Ionia Ave |
About the Property
53 Monroe Center Street NW offers a prime opportunity to establish a presence in one of Grand Rapids’ most recognizable downtown locations. Situated along a prominent commercial corridor, the property provides excellent visibility and accessibility, making it well-suited for a variety of uses including a coffee shop, smoothie bar, or event center. The building benefits from its central location within walking distance to restaurants, coffee shops, entertainment venues, and professional services, creating a highly attractive environment for tenants, employees, and customers alike. Whether positioned as an owner-occupied space or an investment asset, this property offers long-term value supported by strong downtown demand, limited inventory, and continued urban revitalization.
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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53 Monroe Center St NW
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