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
Cross Streets: Wealthy St and Hampton Ave
Property Sub-Type: Retail
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
General Property Info
New Construction: No
Lot Dimensions: NA
Road Frontage: 306.95
Waterfront: No
Total # Units: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 2
Total SqFt: 3773
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.15
Lot Square Footage: 6534
Year Built: 2012
Full Baths: 3
Total Baths: 2
Tax Info
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
Tax ID #: 41-14-29-482-010
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
Additional Details
Total Parking Spaces: 7
Street Type
Public: 1
Property Use
Business: 1
Investment: 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
Retail: 1
Storage: 1
Other: 1
Construction Type
Block: 1
Concrete: 1
Steel: 1
Exterior Material
Brick: 1
Concrete: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Business Includes
Equipment: 1
Furniture: 1
Licenses: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
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
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
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
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