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741 LEONARD Street NW Grand Rapids, MI $ 2,750,000
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741 LEONARD Street NW
$ 2,750,000
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741 LEONARD Street NW

Grand Rapids, MI, 49504
$ 2,750,000
Baths2.0

Monthly Estimate*

$ 19,210

741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 1
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 2
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 3
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 4
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 5
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 6
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 7
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 8
741 LEONARD Street NW, Grand Rapids, MI 49504 - Image 9
Studio

Commercial Property for sale in Grand Rapids, MI

for $2,750,000 with 2 full baths. This building was built in 1910 on a lot size of 0.17.

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.

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Commercial Active

Price

$ 2,750,000

Bedrooms

Studio

Full Bath

2

Property Type

Commercial

Taxes

$ 8,284

Style

Business

Lot Size

0.17

Year Built

1910

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

23018916
Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Storm Sewer Available Public Sewer Available Electric Available Phone Connected Natural Gas Connected Electric Connected Cable Connected
Possession Close Of Escrow
Roof Rubber Concrete
Construction Materials Vinyl Siding Metal Siding Brick Block Aluminum Siding
Year Built 1910
Property SubType Business
Tax Year 2022
Business Type Bar/Tavern/Lounge
County Kent
New Construction N
Property Type Commercial Sale
Attached Garage N
Status Active
Directions LEONARD ST W FROM US131 TO 741 LEONARDST JUST BEFORE ALPINE AVE
City Grand Rapids
High School District Grand Rapids
Zoning Description COMM
Total Units 1
MLS Area Grand Rapids - G
Lot Size Square Feet 7405.0
Waterfront Y/N N
Street Name LEONARD
Land Lease Y/N N
Tax Annual Amount 8284.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Availability Date 2023-06-05
Days on Market 335
Standard Status Active
Tax Assessed Value 421600
Legal Description 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
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Total Stories 5000
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 2
Street Suffix Street
Electric On Property Y/N N
Total Baths 2
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Exterior
Parking Features Asphalt Driveway Paved
Water Source Public
Inclusions {u'Licenses': True u'Equipment': True u'Real Estate': True u'Furniture': True}
Lot Size Area 0.17
Foundation Details Concrete Perimeter Block
Number of Buildings 1
Spa N
Building Area Total 7000.0
Lot Dimensions 40X100
Lot Size Acres 0.17
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 741
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* Excluded Features
List By
Realty Michigan Llc

Broker

drewwodarski@yahoo.com

Email

Affordability Calculator

$19,900
Per Month
97%
3%
0%
Monthly Principal & Interest
$19,210
Monthly Property Taxes
$690
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/5/2023$2,750,000 Listed Price

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741 LEONARD Street NW, Grand Rapids, MI, 49504 is a Commercial Property for sale at $2,750,000 with a lot size of 0.17. 741 LEONARD Street NW is a studio with 2.0 baths and was built in 1910. The property's zip code is 49504 which is in Grand Rapids, MI

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