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86 Monroe Center St NW
Grand Rapids, MI 49503
Office Property For Sale

Executive Summary

86 Monroe Center is a fully leased, historic Class A office property located in the heart of downtown Grand Rapids, Michigan. The eight-story, 104,419-square-foot asset is prominently situated along the Monroe Center pedestrian corridor and serves as the regional headquarters of Blue Cross Blue Shield of Michigan, the state’s dominant health insurer and an investment-grade credit tenant. 
With long-term occupancy, significant tenant investment in the facility, and a premier downtown location, the property offers investors stable cash flow backed by a high-credit tenant within one of Michigan’s most dynamic urban markets.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
109,619 SF
Building Class
A
Year Built/Renovated
1916/2014
Price
$30,531,899 CAD
Price Per SF
$278.53 CAD
Cap Rate
7.50%
NOI
$2,289,605 CAD
Tenancy
Single
Building Height
8 Stories
Typical Floor Size
13,702 SF
Building FAR
6.14
Lot Size
0.41 AC
Zoning
CC - Commercial

Amenities

  • Bus Line

Sustainability

LEED Certified
Certified
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 41-13-25-286-003
  • 41-13-25-286-008
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,816,307 CAD
  • Listing ID: 41373242

  • Date on Market: 2026-07-21

  • Last Updated:

  • Address: 86 Monroe Center St NW, Grand Rapids, MI 49503

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