1230 Monroe Avenue NW

Off-Market

1230 Monroe Avenue NW, Grand Rapids, MI 49505

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Manufacturing
  • Property Size 88,760 SF
  • Lot Size 4.53 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1981

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable
  • Transit Score ®

    45/100 Some Transit
  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Creston
  • Zip Code 49505
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    2.09 miles

  • Speedway

    0.43 miles

  • Shell

    0.69 miles

  • Shell

    0.91 miles

  • Sunoco

    1.04 miles

  • Mobil

    1.17 miles

  • Meijer Express

    1.24 miles

  • Admiral

    1.28 miles

  • Mobil

    1.29 miles

  • Marathon

    1.40 miles

  • Mobil

    1.49 miles

  • Ramp 7

    1.09 miles

  • Ramp 8

    1.17 miles

  • Ramp 6

    1.24 miles

  • Area 7

    1.34 miles

  • Area 9

    1.41 miles

  • Museum Parking

    1.51 miles

  • Grand Valley State University Pew Campus Parking

    1.56 miles

  • Sneden Hall Parking Ramp

    1.60 miles

  • Staff Parking

    1.61 miles

  • Area 3

    1.68 miles

  • Brickyard Tavern

    0.46 miles

  • City Built Brewing Company

    0.56 miles

  • Field & Fire Cafe

    0.58 miles

  • Taco Bell

    0.65 miles

  • Lucy's Cafe

    0.78 miles

  • Arnie's

    0.85 miles

  • Zoup!

    1.03 miles

  • Smashburger

    1.04 miles

  • Qdoba

    1.05 miles

  • Vitale's Italian Restaurant

    1.08 miles

  • Creston Market

    0.30 miles

  • Bridge Street Market

    1.22 miles

  • Grand Central Market

    1.51 miles

  • Family Fare

    1.56 miles

  • Meijer

    1.89 miles

  • Fulton Street Farmer’s Market

    2.17 miles

  • Family Fare

    2.29 miles

  • Wealthy Market

    2.49 miles

  • Kohl's

    2.56 miles

  • Target

    2.68 miles

  • Monroe Avenue Fire Station

    0.13 miles

  • Walgreens

    0.98 miles

  • Spectrum Health Butterworth Hospital

    1.16 miles

  • The Women's Center

    1.19 miles

  • Bridge Street Fire Station

    1.23 miles

  • Walker Street Pharmacy

    1.43 miles

  • CVS Pharmacy

    1.49 miles

  • Grand Rapids Police Department

    1.54 miles

  • Plainfield Avenue Fire Station

    1.54 miles

  • LaGrave Avenue Fire Station

    1.64 miles

Frequently Asked Questions

What is the total square footage of 1230 Monroe Avenue NW?

1230 Monroe Avenue NW totals 88,760 square feet.

When was this property built?

1230 Monroe Avenue NW was built in 1981.

What is the property tax for 1230 Monroe Avenue NW?

The property tax for 1230 Monroe Avenue NW in 2022 was $134,094.

What is the market value for 1230 Monroe Avenue NW?

The market value* for 1230 Monroe Avenue NW in 2022 was $5,223,698.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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