741 LEONARD Street NW $2,750,000

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    741 LEONARD Street NW Grand Rapids, MI 49504

    • 7,000 sq. ft.
    • 0.17 Acres
    • Commercial
    • MLS# 70315543
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    Views: 97 Days On Site: 327

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    Property Details

    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.

    • General Features
      • Acreage 0.17
      • Area Municipality UPDATE
      • County Kent
      • Originating MLS Greater Regional Alliance of REALTORS
      • Total SqFt Finished 7000
      • Waterfront Y/N No
      • Year Built 1910
    • Building Features
      • Exterior Construction Aluminum, Block, Brick, Concrete, Frame, Metal, Vinyl Siding, Wood
      • Heating System Forced Air, Hot Water
      • FUEL TYPE Natural Gas
      • Roofing Rubber
    • Property Features
      • Water Public Water
      • Lot Size 40X100
      • Sewer Septic Public Sanitary, Public At Street, Storm

    Contact

    Ryan Newman

    Ryan Newman

    Sales Associate

    RE/MAX Select

    Direct: 810-600-2048

    Neighborhood

    49504 (Grand Rapids) Demographics

    33 Median Age
    3,604 Population Density (per sq. mile)
    43% College Educated
    $52,460 Estimated Median Income
    9,450 Estimated Total Home Owners
    6,921 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    40,498 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $270,000 Median Sales Price
    59 Homes Sold
    96 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,750,000
        6/5/2023 1:22:00 PM New in Database Source: Multiple Listing Service New Value: $2,750,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.