1485-1489 Lake Drive SE Grand Rapids, MI $ 2,298,000
1485-1489 Lake Drive SE
$ 2,298,000
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1485-1489 Lake Drive SE

Grand Rapids, MI, 49506
$ 2,298,000
Bedrooms-- Baths3.0

Monthly Estimate*

$ 14,337

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Commercial Property for sale in Grand Rapids, MI

for $2,298,000 with 3 full baths. This building was built in 2012 on a lot size of 0.15.

Smitty's Specialty Beverage, a beloved fixture in Eastown Grand Rapids, an exceptional opportunity for both business and lifestyle. This iconic liquor store is known for its charm and loyal customer base for 43 years, featuring a wide selection of specialty beverages. Included with the sale is a valuable liquor license, adding significant business potential. The property also boasts a spacious upstairs apartment, providing convenient living quarters or potential rental income. Smitty's is more than just a store - it's a piece of the neighborhood, blending tradition with opportunity in one of the city's most vibrant areas.

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Commercial Pending

Price

$ 2,298,000

Full Bath

3

Property Type

Commercial

Taxes

$ 10,201

Style

Retail

Lot Size

0.15

Year Built

2012

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

24058035

Features
Interior
Interior Amenities Broadband
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 3
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General
Heating Forced Air
Cooling Central Air
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Construction Materials Concrete Brick
Year Built 2012
Township City of Grand Rapids
Property Subtype Retail
Tax Year 2023
Business Type Other Storage Retail
County Kent
New Construction N
Property Type Commercial Sale
Full Baths 3
Status Pending
Directions On the right side of Lake Drive as you drive towards Downtown GR.
City Grand Rapids
High School District Grand Rapids
Number Of Units Total 2
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 6534.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 10201.3
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
Standard Status Pending
Occupancy Type Owner
Tax Assessed Value 17018
Legal Description LOT 18 EXCEPT N 53 FT* GILES ADDITION
Senior Community None
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Exterior
Total Parking 7.0
Inclusions Licenses Furniture Equipment
Lot Size Area 0.15
Number of Buildings 1
Spa N
Building Area Total 3773.0
Lot Dimensions NA
Lot Size Acres 0.15
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 14851489
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* Excluded Features
List By
Keller Williams Gr North (Main)

Broker

diane@griffinproperties.net

Email

Affordability Calculator

$15,187
Per Month
94%
6%
0%
Monthly Principal & Interest
$14,337
Monthly Property Taxes
$850
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
Pricing History
DatePricePrice ChangeDescription
10/7/2025$2,298,000 -14.25% Price Down
9/9/2025$2,680,000 -10.07% Price Down
11/6/2024$2,980,000 Listed Price

Map


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1485-1489 Lake Drive SE, Grand Rapids, MI, 49506 is a Commercial Property for sale at $2,298,000 with a lot size of 0.15. 1485-1489 Lake Drive SE has 3.0 baths and was built in 2012. The property's zip code is 49506 which is in Grand Rapids, MI