741 LEONARD Street NW, Grand Rapids, MI 49504
$2,750,000
Property Type:
Commercial Sale
Square Footage:
7,000
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$2,750,000
List Date:
5/31/2024
Last Modified:
10/22/2025
Description
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.
More Information MLS# 23018916
Location & Property Info
Cross Streets: ALPINE
Property Sub-Type: Business Opportunity
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 392.86
Prop Avail for Lease?: No
Current Bldg Use: IRON WELL BAR
General Property Info
New Construction: No
Lot Dimensions: 40X100
Road Frontage: 40
Waterfront: No
Year Remodeled: 2020
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 5000
Total SqFt: 7000
Property Use Type: Business
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.17
Lot Square Footage: 7405
Year Built: 1910
Full Baths: 2
Tax Info
Taxable Value: 421600
SEV: 210800
For Tax Year: 2022
Seller's Annual Property Tax: 8284
Tax Year: 2022
Homestead %: 0
Spec Assessment & Type: 0
Zoning: COMM
Tax ID #: 41-13-13-356-030
Remarks & Misc
Public Remarks: 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.
Legal: 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
Additional Details
Ceiling Height: 10
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Construction Type
Block: 1
Concrete: 1
Frame/Wood: 1
Exterior Material
Aluminum Siding: 1
Block: 1
Brick: 1
Metal Siding: 1
Vinyl Siding: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Below Grade
Full: 1
Heat Type
Forced Air: 1
Hot Water: 1
Air Conditioning
Central Air: 1
Business Includes
Equipment: 1
Furniture: 1
Licenses: 1
Real Estate: 1
Foundation
Block: 1
Concrete Perimeter: 1
Util Avail at St
Electricity Available: 1
Storm Sewer: 1
Driveway
Asphalt: 1
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Land Contract: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 741
Street Name: LEONARD
Suffix: Street
Post Direction: NW
State: MI
Zip Code: 49504
OfficeContract Info
Status: Active
Current Price: $2,750,000
List Price: $2,750,000
Listing Date: 2023-05-30
Remarks Misc
Directions: LEONARD ST W FROM US131 TO 741 LEONARDST JUST BEFORE ALPINE AVE
Property Features
Property Use: Business
Uses: Bar/Tavern/Lounge
Business Includes: Equipment; Furniture; Licenses; Real Estate
Construction Type: Block; Concrete; Frame/Wood
Exterior Material: Aluminum Siding; Block; Brick; Metal Siding; Vinyl Siding
Roofing: Rubber
Foundation: Block; Concrete Perimeter
Below Grade: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Electricity Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Air Conditioning: Central Air
Driveway: Asphalt; Paved
Purchase Terms Avail: Cash; Conventional; Land Contract
Sale Conditions: None
Possession: Close Of Escrow
Listing Office:
Realty Michigan LLC
Listing Agent:
Drew Wodarski
Last Updated: October - 22 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
