58 Ionia Ave SW - Restaurant FOR SALE


Grand Rapids, MI 49503- Downtown Grand Rapids
$3,660,000 USD
616-802-2608
58 Ionia Ave SW, Grand Rapids, MI for Sale
$3,660,000 USD
Restaurant - FOR SALE
1/11
null | 7.5% Cap Rate

58 Ionia Ave SW
Grand Rapids, MI 49503
Downtown Grand Rapids


OVERVIEW

Advantage Commercial Real Estate is pleased to present the sale of 58 Ionia Avenue SW, a single tenant, 12,888 SF, NNN leased, retail property in the heart of downtown Grand Rapids. The property is home to Max’s South Seas Hideaway, one of the cities most well known bar’s, and its only tiki themed bar. Max’s South Seas Hideaway is an immersive two-story tiki-themed restaurant and bar located in downtown Grand Rapids, designed and built with extensive custom craftsmanship by renowned tiki artisans to create a one-of-a-kind tropical escape. The space reflects significant investment and attention to detail, from elaborate décor to unique food and cocktail experiences, establishing it as both a destination and a local favorite.

FOR SALE DETAILS

PRICE

$3,660,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Waldron Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Ionia Ave and Oakes St

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C

APN/PARCEL ID

41-13-25-435-004

ASK ABOUT THIS PROPERTY

Murphy WynsmaAdvantage Commercial Real Estate Services LLCMore Info
616-802-2608

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Murphy WynsmaAdvantage Commercial Real Estate Services LLCMore Info
616-802-2608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.