741 LEONARD Street NW, Grand Rapids, MI 49504 (MLS# 23018916)

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

County: Kent Street #: 741 Street Name: LEONARD Suffix: Street Post Direction: NW State: MI Zip Code: 49504 Area: Grand Rapids - G

OfficeContract Info

Status: Active Current Price: $2,750,000 List Price: $2,750,000 Listing Date: 2023-05-30

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.17 Lot Square Footage: 7405 Lot Dimensions: 40X100 Year Built: 1910 Road Frontage: 40 Year Remodeled: 2020 Total # Units: 1 # Fin Bldg Lvls: 5000 Total # Bldgs: 1 Total SqFt: 7000 Property Use Type: Business Full Baths: 2 Waterfront: No School District: Grand Rapids

Tax Info

Tax ID #: 41-13-13-356-030 Taxable Value: 421600 SEV: 210800 For Tax Year: 2022 Seller's Annual Property Tax: 8284 Tax Year: 2022 Zoning: COMM

Remarks Misc

Directions: LEONARD ST W FROM US131 TO 741 LEONARDST JUST BEFORE ALPINE AVE

Additional Details

Ceiling Height: 10

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

741 LEONARD Street NW, Grand Rapids, MI 49504- MLS# 23018916

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