1485-1489 Lake Drive SE, Grand Rapids, MI 49506 (MLS# 24058035)

1485-1489 Lake Drive SE, Grand Rapids, MI 49506

$2,298,000

Property Type: Commercial Sale Baths: 2 Square Footage: 3,773 Lot Size (sq. ft.): 6,534 Status: Pending

Current Price: $2,298,000 List Date: 9/08/2025 Last Modified: 11/04/2025

Description

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.

More Information MLS# 24058035

Location Property Info

County: Kent Street #: 1485-1489 Street Name: Lake Suffix: Drive Post Direction: SE State: MI Zip Code: 49506 Zip (4): 1711 Area: Grand Rapids - G

OfficeContract Info

Status: Pending Current Price: $2,298,000 List Price: $2,298,000 Listing Date: 2024-11-06

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.15 Lot Square Footage: 6534 Lot Dimensions: NA Year Built: 2012 Road Frontage: 306.95 Total # Units: 2 # Fin Bldg Lvls: 2 Total # Bldgs: 1 Total SqFt: 3773 Full Baths: 3 Total Baths: 2 Waterfront: No School District: Grand Rapids

Tax Info

Tax ID #: 41-14-29-482-010 Taxable Value: 17018 SEV: 104600 For Tax Year: 2023 Seller's Annual Property Tax: 10201.3 Tax Year: 2023 Homestead %: 100 Spec Assessment & Type: NA Non-Conforming Use: No

Remarks Misc

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

Status Change Info

Under Contract Date: 2025-10-14

Additional Details

Total Parking Spaces: 7

Property Features

Property Use: Business; Investment Uses: Retail; Storage; Other Business Includes: Equipment; Furniture; Licenses Construction Type: Block; Concrete; Steel Exterior Material: Brick; Concrete Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Aerial Photo Sale Conditions: None

Listing Office: Keller Williams GR North (Main)

Listing Agent: Diane Griffin

Last Updated: November - 04 - 2025

1485-1489 Lake Drive SE, Grand Rapids, MI 49506- MLS# 24058035

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