940 Monroe Avenue Northwest
Condo Investment Opportunity
Marketing description
Experience the perfect blend of historic character and modern downtown living in this stunning open-concept condo along the Grand River in the heart of downtown Grand Rapids. Featuring soaring ceilings, original brick architecture, exposed wood beams, and beautiful arched windows, this one-of-a-kind residence was once part of a historic furniture factory and still showcases the timeless craftsmanship of its industrial roots.
Designed for working professionals and anyone who wants to be close to everything, this condo offers unbeatable access to the city’s top entertainment, dining, and business destinations. DeVos Place and Van Andel Arena are both just minutes away, with an exciting new arena and soccer stadium arriving nearby in 2026.
Residents enjoy an impressive lineup of amenities, including an on-site restaurant and bar, game room, salon, pool, hot tub, and free gated surface parking. Convenient transportation options such as near-free DASH shuttle routes and rentable bikes make getting around downtown effortless — whether you prefer not to drive or simply want to enjoy the city at your own pace.
This property is not only an exceptional place to live, but also an outstanding investment opportunity. The unit has consistently rented to the first person who tours it, generating reliable one-year leases and producing strong rental demand that allows the condo to effectively pay for itself.
Downtown living, historic charm, modern amenities, and proven investment potential — all in one incredible property.
Investment highlights
This open concept condo with tall ceilings is perfect for a working professional that wants to be close to it all. This place is close to everything. This unit is in downtown Grand Rapids along the Grand River. The building has boat loads of character. It was once a large furniture factory and it still has the original brick architecture, arched windows, and wood beams. Available amenities include: A restaurant, bar, game room, salon, pool, hot tub, free gated surface parking, and a host of other amenities nearby so you will never run out of things to do and see. DeVos Place and Van Andel are close by at approx. .7 miles. A new amphitheater was just built nearby and a soccer (futbol) stadium will be nearby. There are also near free DASH shuttle routes and rentable bikes close to the building for those with mobility issues or who simply prefer not to drive. Not looking for a place but aspire to be a landlord - This unit has consistently rented to the first person to tour it leading to one to two year leases. The condo pays for itself.
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