741 LEONARD Street NW, Grand Rapids, MI 49504
$2,750,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$2,750,000
List Date:
6/05/2023
Last Modified:
6/05/2023
Description
HERE IS YOUR CHANCE TO OWNER A ICONIC BAR ON THE HIGHLY DESIRABLE WEST SIDE OF GRAND RAPIDS. LOTS OF ROOM TO GROW UPSTAIRS. CURRENTLY USED AS A BAR RESTAURANT. GREAT LOCATION WITH OFF STREET PARKING. LIQUOR LICENSE INCLUDED IN SALE. LAND CONTRACT AVAILABLE IF NEEDED. EXTRA REVENUE ABOVE FOR 2 APARTMENTS. IRON WELL HAS BEEN COMPLETELY UPDATED INSIDE WITH MANY DIFFERENT REVENUE STREAMS. LARGE STAGE THAT HAS HOSTED BANDS SUCH AS FOREIGNER IN THE PAST. THIS BAR HAS A LARGE STAGE AND DANCE AREA ALONG WITH 2POOL TABLES. BAR, BEER TAPS AND COOLERS HAVE ALL BEEN REPLACED.
More Information MLS# 23018916
Location & Property Info
County: Kent
Street #: 741
Street Name: LEONARD
Suffix: Street
Post Direction: NW
State: MI
Zip Code: 49504
Cross Streets: ALPINE
Property Sub-Type: Business Opportunity
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Status: Active
Current Price: $2,750,000
List Price: $2,750,000
Auction or For Sale: For Sale
List Price/SqFt: 392.86
Prop Avail for Lease?: No
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2023-05-30
Current Bldg Use: IRON WELL BAR
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.17
Lot Square Footage: 7405
Lot Dimensions: 40X100
Year Built: 1910
Road Frontage: 40
Year Remodeled: 2020
Total # Units: 1
# Fin Bldg Lvls: 5000
Total # Bldgs: 1
Total SqFt: 7000
Property Use Type: Business
Full Baths: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-13-356-030
Taxable Value: 421600
SEV: 210800
For Tax Year: 2022
Annual Property Tax: 8284
Tax Year: 2022
Zoning: COMM
Remarks & Misc
Legal: LOTS 128 & 130* PANFIL S ASSESSOR S PLAT NO. 6* OF PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 13 T 7 N R 12 W
Directions: LEONARD ST W FROM US131 TO 741 LEONARDST JUST BEFORE ALPINE AVE
Additional Details
Ceiling Height: 10
Property Features
Property Use: Business
Uses: Bar/Tavern/Lounge
Business Includes: Equipment; Furniture; Licenses; Real Estate
Construction Type: Block; Concrete; Frame/Wood
Exterior Material: Aluminum Siding; Block; Brick; Metal Siding; Vinyl Siding
Roofing: Rubber
Foundation: Block; Concrete Perimeter
Below Grade: Full
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Electric; Public Sewer; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Air Conditioning: Central Air
Driveway: Asphalt; Paved
Purchase Terms Avail: Cash; Conventional; Land Contract
Sale Conditions: None
Listing Office: Realty Michigan LLC
Listing Agent: Drew Wodarski
Last Updated: June - 05 - 2023
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