741 LEONARD Street NW, Grand Rapids, MI 49504
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
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
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 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
Ceiling Height: 10
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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