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:
3/19/2026
Overview
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.
Listing Details 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
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
- Yes
- 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
More Information
Additional Details
- Total Parking Spaces
- 7
Location & Property Info
- Cross Streets
- Wealthy St and Hampton Ave
- Property Sub-Type
- Retail
- Area
- Grand Rapids - G
- Municipality
- City of Grand Rapids
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 609.06
- Prop Avail for Lease?
- No
- Current Bldg Use
- Liquor/ Party Store
Remarks & Misc
- Public Remarks
- 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.
- Legal
- LOT 18 EXCEPT N 53 FT* GILES ADDITION
Street Type
- Public
- Yes
Property Use
- Business
- Yes
- Investment
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Retail
- Yes
- Storage
- Yes
- Other
- Yes
Construction Type
- Block
- Yes
- Concrete
- Yes
- Steel
- Yes
Exterior Material
- Brick
- Yes
- Concrete
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Docs at List Office
- Aerial Photo
- Yes
Business Includes
- Equipment
- Yes
- Furniture
- Yes
- Licenses
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
Driveway
- Paved
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
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
Listing Agent:
Diane Griffin
Last Updated: March - 19 - 2026
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