77 Monroe Center

Off-Market

77 Monroe Center Street 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 111,031 SF
  • Lot Size 0.36 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1926

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 Date 10 Jan, 1996
  • 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.

  • 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 ®

    93/100 Walker's Paradise
  • Transit Score ®

    67/100 Good Transit
  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.62 miles

  • Mobil

    0.45 miles

  • Mobil

    0.62 miles

  • Mobil

    0.77 miles

  • Pacific Pride

    0.88 miles

  • Meijer Express

    0.92 miles

  • Marathon

    1.12 miles

  • Speedway

    1.46 miles

  • BP

    1.51 miles

  • BP

    1.58 miles

  • Speedway

    1.58 miles

  • Area 3

    0.20 miles

  • Area 2

    0.24 miles

  • Cherry St. Parking

    0.30 miles

  • Ramp 6

    0.39 miles

  • Area 6A

    0.39 miles

  • Museum Parking

    0.41 miles

  • Ramp 8

    0.50 miles

  • Staff Parking

    0.51 miles

  • Ramp 7

    0.54 miles

  • Seidman Lot

    0.54 miles

  • City Flats Hotel

    0.02 miles

  • Residence Inn Marriott

    0.07 miles

  • Barri

    0.12 miles

  • Amway Grand Plaza

    0.23 miles

  • JW Marriott Grand Rapids

    0.24 miles

  • Canopy by Hilton

    0.31 miles

  • Holiday Inn Grand Rapids Downtown

    0.42 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.85 miles

  • The Brauhaus Inn

    1.05 miles

  • Days Inn & Suites

    3.47 miles

  • Jimmy John's

    0.03 miles

  • Monsoon Vietnamese Cuisine

    0.03 miles

  • Littlebird

    0.04 miles

  • Parsley Mediterranean Grill

    0.04 miles

  • Big O's Cafe

    0.04 miles

  • Grand Central Deli

    0.05 miles

  • Soho Sushi

    0.05 miles

  • Cinco de Mayo

    0.08 miles

  • San Chez

    0.09 miles

  • Buffalo Wild Wings

    0.10 miles

  • Kendall College of Art and Design

    0.15 miles

  • Thomas M. Cooley Law School

    0.28 miles

  • Grand Rapids Community College

    0.31 miles

  • Grand Valley State University Pew Campus

    0.45 miles

  • MSU Biomedical Research Center

    0.47 miles

  • Secchia Center, MSU

    0.48 miles

  • Grand Valley State University - Pew Campus

    0.53 miles

  • Grand Rapids Learning Center

    0.55 miles

  • Grand Rapids Public School

    0.57 miles

  • Coit Creative Arts Academy

    0.72 miles

  • Kenowa Hills Early Childhood Center

    5.54 miles

  • Kelloggsville Early Childhood Learning Center

    5.55 miles

Frequently Asked Questions

What is the total square footage of 77 Monroe Center?

77 Monroe Center totals 111,031 square feet.

When was this property built?

77 Monroe Center was built in 1926.

When was 77 Monroe Center last sold?

77 Monroe Center was last sold on 10 Jan, 1996.

What is the property tax for 77 Monroe Center?

The property tax for 77 Monroe Center in 2023 was $688,882.

What is the market value for 77 Monroe Center?

The market value* for 77 Monroe Center in 2023 was $26,835,684.
*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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