For Sale
940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503
$415,000
MLS # 26028895 (Michigan Regional Information Center (MichRIC))
2 beds2 baths1,191 sqftBuilt 18920 acres
1 / 31
Listing Description
Rare opportunity to own a highly sought-after 2-bedroom, 2-bath Boardwalk Condominium overlooking the peaceful forest courtyard. This desirable first-floor unit features a private balcony and allows hard-surface flooring throughout. The open layout includes an island kitchen with solid surface countertops, stainless steel appliances, exposed brick walls, and wood-beamed ceilings that create authentic loft charm. Enjoy one covered parking space, and easy first-floor access. Boardwalk is a nationally recognized historic redevelopment offering a restaurant, bar, fitness center, hair salon, and professional offices on site. Exciting common area renovations and expanded Canal Park are underway, adding even more value to this vibrant downtown community.
Source: SparkMLS
About this home
Located in Grand Rapids in Grand Rapids, this property offers 2-bedroom, 2-bath, 1,191 sq ft, with original construction dating to 1892.
Currently offered at $415,000 (about $348/sq ft).
Estimated annual property tax: $5,681, or about $473 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,191 sqft
Year Built1892
Stories1
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleContemporary
ConstructionBrick
BasementOther
Garage1 space
HeatingHeat Pump
WaterPublic
SewerPublic
Sale & Financing
Listed6/25/2026
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional
HOA
HOA Fee$478 / Monthly
IncludesWater, Trash, Snow Removal, Sewer, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$5,681
Tax Year2025
State Equalized Value$192,100
Taxable Value$174,404
Assessed Value$174,404
Parcel #411324285016
Source: Public Records
Legal Description
UNIT 16 * BOARDWALK CONDOMINIUMS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.823
Property Records
FEMA Flood Zone: Zone D — Undetermined flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bradley S Veneklase
Urban Soil Realty
Frequently Asked Questions about 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503
Which school district serves 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503?
Per MLS# 26028895, 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503 is in the Grand Rapids boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grand Rapids directly to confirm enrollment eligibility.
What financing options are available for 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503?
Per MLS# 26028895, this listing accepts Cash, FHA, VA Loan, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503?
Per public tax records, annual property taxes for this property are $5,681 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503 in a flood zone?
Per FEMA flood maps, this property is designated as Zone D, a moderate-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$3,170
Principal & interest$2,692
HOA$478
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
940 Monroe Avenue NW Suite 107, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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