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

1485-1489 Lake Drive

^$ 2,298,000

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1485-1489 Lake Drive

Grand Rapids, MI, 49506

^$ 2,298,000

Bedrooms-- Baths-- Sq 3,773

Monthly Estimate*

^$ 14,337

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Commercial Property for sale in Grand Rapids, MI

for $2,298,000. This 3,773 square foot 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.

Commercial Pending

Price

^$ 2,298,000

Property Type

Commercial

Taxes

^$ 10,201

Style

Commercial/Industrial

Lot Size

0.15

Year Built

2012

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70440478

Features

General

Heating Forced Air

Status Pending Pending

Year Built 2012

Parking 6-10 Spaces

County Kent

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Grand Rapids

Sale/Rent For Sale

Status Detail 0

Commercial Features Furniture

Area Grand Rapids (41032)

Directions On the right side of Lake Drive as you drive towards Downtown GR.

City Grand Rapids

Financial Terms Cash Conventional

Legal Description LOT 18 EXCEPT N 53 FT* GILES ADDITION

DOM 169

Price Per Sq Ft Total AG 609.06

Public Remarks Smitty's Specialty Beverage a beloved fixture in Eastown Grand Rapids

Exterior

Exterior Block Brick Concrete Steel

Frontage 306

Lot Size Area 0.15

Lot Dimensions NA

Roads City/County

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Diane Griffin

Listing Agent

Keller Williams Gr North (Main)

Broker

diane@griffinproperties.net

Affordability Calculator

$15,187

Per Month

Monthly Principal & Interest: $14,337
Monthly Property Taxes: $850
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Grand Rapids, MI

Average List Price ^$791,294

Percent of Sale Price 66%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

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1485-1489 Lake Drive, Grand Rapids, MI, 49506 is a Commercial Property for sale at $2,298,000 with 3,773 sqft and a lot size of 0.15. 1485-1489 Lake Drive was built in 2012. The property's zip code is 49506 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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1485-1489 Lake Drive

Commercial Property for sale in Grand Rapids, MI

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