741 LEONARD Street NW, Grand Rapids, MI 49504 (MLS# 23018916)
741 LEONARD Street NW, Grand Rapids, MI 49504
$1,999,999
Property Type:
Commercial Sale
Square Footage:
7,000
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$1,999,999
List Date:
5/31/2024
Last Modified:
2/19/2026
Overview
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.
Listing Details MLS# 23018916
Location Property Info
- County
- Kent
- Street #
- 741
- Street Name
- LEONARD
- Suffix
- Street
- Post Direction
- NW
- State
- MI
- Zip Code
- 49504
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
- Yes
- # Fin Bldg Lvls
- 5000
- Total # Bldgs
- Yes
- 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
- Homestead %
- 0
- Spec Assessment & Type
- No
Remarks Misc
- Directions
- LEONARD ST W FROM US131 TO 741 LEONARDST JUST BEFORE ALPINE AVE
Additional Details
- Ceiling Height
- 10
More Information
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
- 285.71
- Prop Avail for Lease?
- No
- Current Bldg Use
- IRON WELL BAR
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
Property Use
- Business
- 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
- Bar/Tavern/Lounge
- Yes
Construction Type
- Block
- Yes
- Concrete
- Yes
- Frame/Wood
- Yes
Exterior Material
- Aluminum Siding
- Yes
- Block
- Yes
- Brick
- Yes
- Metal Siding
- Yes
- Vinyl Siding
- Yes
Roofing
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Below Grade
- Full
- Yes
Heat Type
- Forced Air
- Yes
- Hot Water
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Equipment
- Yes
- Furniture
- Yes
- Licenses
- Yes
- Real Estate
- Yes
Foundation
- Block
- Yes
- Concrete Perimeter
- Yes
Util Avail at St
- Electricity Available
- Yes
- Storm Sewer
- Yes
Driveway
- Asphalt
- Yes
- Paved
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
- Land Contract
- Yes
Possession
- Close Of Escrow
- Yes
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: February - 19 - 2026
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