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55 Monroe Center St NW
Grand Rapids, MI 49503
Belford Building Retail Condominiums · Retail Property For Sale
Investment Highlights
- One Triple Net and one Absolute Net lease keep management obligations to a minimum
- Strong independent retailers with lease start dates of 2023 and 2024
- Original construction in around 1875
- Condominium structure further shifts obligations to a third party
- The newest tenant, Garden District, takes over the space formerly occupied by the very successful Monsoon Vietnamese Cusine
- Historical structure located in the heart of downtown Grand Rapids
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,635 SF
Building Class
C
Year Built
1875
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.25 AC
Zoning
Commecial - Commercial Zoned District
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 41-13-25-294-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,552,900 |
Property Taxes
Parcel Number
41-13-25-294-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,552,900
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