www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31454414
31454415

100-114 Monroe Center St NW, Grand Rapids, MI 49503

RB
MI 6501380200, MI
CBRE
CBRE
NS
MI 650146843
CBRE - Detroit
Listed by CBRE, CBRE - Detroit
$8,868,049
62 days on market
Updated 42 days ago

Flat Iron Building

Details
APN 41-13-25-281-076
Property Type Office, Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 32,106
Cap Rate 8.27%
NOI $733,671
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $276
Class B
Year Built 1858
Stories 4
Acreage 0.220
Zoning TN-CC

Beautiful, Historic Mixed Use Building in the Heart of Downtown Grand Rapids MI

Marketing description

CBRE is pleased to present the offering of The Flat Iron Building, a landmark, fully leased mixed use investment located at 100 Monroe Center Street in the heart of downtown Grand Rapids. The building is fully leased, anchored by Smith, Haughey Rice & Roegge, P.C., while the ground floor is occupied by Old World Olive Press (specialty food), Cinco de Mayo (restaurant), and Grand Rapids Game Show (entertainment). The asking price is $8,868,049, with a cap rate of 8.27% and a Net Operating Income of $733,671. Strategically positioned at the corner of Monroe Center St and Ottawa Ave, the Property benefits from a prime location in a bustling downtown setting surrounded by dining and entertainment options, as well as convenient access to transportation.

Link to Executive Summary

Listing Contacts

RB
MI 6501380200, MI
CBRE
CBRE
NS
MI 650146843
CBRE - Detroit
Listed by CBRE, CBRE - Detroit

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$733,671.00
$61,139.25/mo

Valuation Metrics

0
DSCR
8.27%
Cap Rate
8.27%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591