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1st image of 40 Monroe Center St NW APT 311

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$350,000

40 Monroe Center St NW APT 311, Grand Rapids, MI 49503

1beds

1,158sqft

Est.:

Condominium

Built in 1875

-- sqft lot

$372,600 Zestimate^®

$302/sqft

$220/mo HOA

What's special

Hardwood floorsSoaring vaulted ceilingsWood beamsOpen-concept kitchenWalls of windowsExposed brickNatural light

Located in the heart of Downtown Grand Rapids, this stunning 1,158 sqft loft in the historic Peck Building at 40 Monroe offers the perfect blend of character and modern living. Soaring vaulted ceilings, exposed brick, wood beams, hardwood floors, and walls of windows create a truly one-of-a-kind space filled with natural light and city views. The open-concept kitchen features concrete countertops, stainless appliances, and a large island - ideal for entertaining. In-unit W/D, controlled access entry, water & trash included. Steps from dining, entertainment, and the best of downtown GR. Currently tenant-occupied at $2,100/mo through 2/28/2027, offering immediate rental income with the option to owner-occupy.

1 day

445

51

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 1

Heating

Forced Air

Cooling

Central Air

Appliances

Laundry: In Kitchen, Main Level

Features

Ceiling Fan(s), Eat-in Kitchen
Flooring: Wood
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,158
Total interior livable area: 1,158 sqft
Finished area below ground: 0

Property

Features

Stories: 1

Details

Parcel number: 411325287054
Zoning description: TN-CC

Construction

Type & style

Home type: Condo
Architectural style: Contemporary
Property subtype: Condominium

Materials

Brick

Condition

New construction: No
Year built: 1875

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected

Community & HOA

HOA

Has HOA: Yes
Services included: Water, Trash, Snow Removal
HOA fee: $220 monthly

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $302/sqft
Tax assessed value: $155,454
Annual tax amount: $7,722
Date on market: 4/18/2026
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$372,600

$343,000 - $406,000

$1,630/mo

Price history

Date	Event	Price
4/18/2026	Listed for sale	$350,000+29.6%$302/sqft
Source: MichRIC #26016382 Report a problem
2/9/2026	Listing removed	$2,100$2/sqft
Source: Zillow Rentals Report a problem
2/3/2026	Price change	$2,100-4.5%$2/sqft
Source: Zillow Rentals Report a problem
12/16/2025	Price change	$2,200-4.3%$2/sqft
Source: Zillow Rentals Report a problem
11/17/2025	Price change	$2,300-4.2%$2/sqft
Source: Zillow Rentals Report a problem
9/18/2025	Price change	$2,400-2%$2/sqft
Source: Zillow Rentals Report a problem
9/10/2025	Price change	$2,450-2%$2/sqft
Source: Zillow Rentals Report a problem
8/14/2025	Listed for rent	$2,500$2/sqft
Source: Zillow Rentals Report a problem
10/4/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/18/2023	Price change	$2,500-5.7%$2/sqft
Source: Zillow Rentals Report a problem
9/8/2023	Price change	$2,650-3.6%$2/sqft
Source: Zillow Rentals Report a problem
8/30/2023	Listed for rent	$2,750-1.8%$2/sqft
Source: Zillow Rentals Report a problem
8/30/2023	Listing removed	--
Source: Zillow Rentals Report a problem
8/18/2023	Price change	$2,800-5.1%$2/sqft
Source: Zillow Rentals Report a problem
8/2/2023	Price change	$2,950-4.8%$3/sqft
Source: Zillow Rentals Report a problem
7/19/2023	Listed for rent	$3,100$3/sqft
Source: Zillow Rentals Report a problem
1/17/2020	Sold	$270,000-5.3%$233/sqft
Source: MichRIC #19038400 Report a problem
11/26/2019	Pending sale	$284,999$246/sqft
Source: RE/MAX Lakeshore #19038400 Report a problem
11/15/2019	Listed for sale	$284,999$246/sqft
Source: RE/MAX Lakeshore #19038400 Report a problem
11/5/2019	Pending sale	$284,999$246/sqft
Source: RE/MAX Lakeshore #19038400 Report a problem
10/10/2019	Price change	$284,999-5%$246/sqft
Source: RE/MAX Lakeshore #19038400 Report a problem
10/9/2019	Listed for sale	$299,900-4%$259/sqft
Source: RE/MAX Lakeshore #19038400 Report a problem
5/9/2019	Listing removed	$312,500$270/sqft
Source: Keller Williams Realty of Grand Rapids #18054710 Report a problem
2/1/2019	Price change	$312,500-3.8%$270/sqft
Source: Keller Williams Realty of Grand Rapids #18054710 Report a problem
11/10/2018	Listed for sale	$325,000+53.3%$281/sqft
Source: Keller Williams GR East #18054710 Report a problem
9/16/2013	Sold	$212,000$183/sqft
Source: MichRIC #13049666 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,819	$196,900 +24.5%
2024	--	$158,100 +11.4%
2021	$5,737	$141,900 -11.9%
2020	$5,737 +3.2%	$161,100 +5.4%
2019	$5,561	$152,900 +3.9%
2018	--	$147,100 +27.6%
2017	$5,451	$115,300 +13.2%
2016	$5,451	$101,900
2015	$5,451 +5%	$101,900 +12%
2013	$5,194	$91,000 -7%
2011	--	$97,900
2010	--	$97,900 -6%
2009	--	$104,200 +19.9%
2007	--	$86,900 +5%
2006	--	$82,800
2005	--	$82,800