741 Leonard St NW - Storefront Retail/Residential FOR SALE


Grand Rapids, MI 49504- West Grand
$2,750,000 USD
616-699-5088
741 Leonard St NW, Grand Rapids, MI for Sale
$2,750,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

741 Leonard St NW
Grand Rapids, MI 49504
West Grand


HIGHLIGHTS

  • Growing West Side location
  • Opportunity to increase revenue with additional hours.

OVERVIEW

HERE IS YOUR CHANCE TO OWN 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. 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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

CROSS STREETS

Leonard St and Alpine Ave

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

TN-TBA

APN/PARCEL ID

41-13-13-356-030

ASK ABOUT THIS PROPERTY

Patrick MohneyBlue Rock Commercial Real EstateMore Info
616-699-5088

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Patrick MohneyBlue Rock Commercial Real EstateMore Info
616-699-5088

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