Flat Iron Building — Sale in Grand Rapids, MI

  • Price: $8.9M
  • Listing type: For sale
  • Asset type: Business
  • Location: Grand Rapids, MI 49503

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.

Market Context

This commercial property in Grand Rapids, MI is listed for sale at $8,868,049. It has been on the market for 13 days. Compare it against other commercial property listings for sale in Grand Rapids, MI — view the full market.

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