200 Monroe

Off-Market

200 Monroe Avenue NW, Grand Rapids, MI 49503

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

  • Property Type Office - General Office
  • Property Size 164,000 SF
  • Lot Size 0.97 Acre
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2021

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

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

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Belknap Lookout
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.83 miles

  • Mobil

    0.60 miles

  • Meijer Express

    0.72 miles

  • Mobil

    0.79 miles

  • Mobil

    0.86 miles

  • Pacific Pride

    1.10 miles

  • Speedway

    1.22 miles

  • Marathon

    1.32 miles

  • Shell

    1.46 miles

  • Sunoco

    1.53 miles

  • Speedway

    1.65 miles

  • Museum Parking

    0.37 miles

  • Ramp 6

    0.38 miles

  • Area 7

    0.40 miles

  • Area 3

    0.42 miles

  • Area 2

    0.45 miles

  • Ramp 7

    0.46 miles

  • Ramp 8

    0.46 miles

  • Area 9

    0.52 miles

  • Cherry St. Parking

    0.54 miles

  • Grand Valley State University Pew Campus Parking

    0.55 miles

  • Amway Grand Plaza

    0.08 miles

  • JW Marriott Grand Rapids

    0.17 miles

  • City Flats Hotel

    0.24 miles

  • Barri

    0.26 miles

  • Residence Inn Marriott

    0.31 miles

  • Holiday Inn Grand Rapids Downtown

    0.33 miles

  • Canopy by Hilton

    0.54 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.85 miles

  • The Brauhaus Inn

    1.30 miles

  • Americas Best Value Inn & Suites-Walker/Grand Rapids North

    3.35 miles

  • Global Street Food - Roam

    0.02 miles

  • Reserve

    0.04 miles

  • Real Seafood Co

    0.06 miles

  • Ruth's Chris Steak House

    0.06 miles

  • ATO Sushi

    0.08 miles

  • Sushi Yama

    0.11 miles

  • Tupelo Honey

    0.12 miles

  • Sweet Yo's

    0.13 miles

  • Cinco de Mayo

    0.17 miles

  • Panera Bread

    0.18 miles

  • Kendall College of Art and Design

    0.19 miles

  • MSU Biomedical Research Center

    0.24 miles

  • Secchia Center, MSU

    0.24 miles

  • Grand Rapids Community College

    0.31 miles

  • Grand Valley State University Pew Campus

    0.43 miles

  • Grand Valley State University - Pew Campus

    0.48 miles

  • Saint Marys School

    0.50 miles

  • Thomas M. Cooley Law School

    0.52 miles

  • Coit Creative Arts Academy

    0.57 miles

  • Grand Rapids Public School

    0.68 miles

  • Kenowa Hills Early Childhood Center

    5.35 miles

  • Kelloggsville Early Childhood Learning Center

    5.76 miles

Frequently Asked Questions

What is the total square footage of 200 Monroe?

200 Monroe totals 164,000 square feet.

When was this property built?

200 Monroe was built in 2021.

What is the property tax for 200 Monroe?

The property tax for 200 Monroe in 2023 was $74,659.

What is the market value for 200 Monroe?

The market value* for 200 Monroe in 2023 was $2,908,374.
*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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