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Iron Well Bar 741 Leonard St NW 5,813 SF Retail Building Grand Rapids, MI 49504 $2,727,456 CAD ($469.20 CAD/SF)
Investment Highlights
- Growing West Side location
- Opportunity to increase revenue with additional hours.
Executive Summary
HERE IS YOUR CHANCE TO OWN 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. 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.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$16,280
|
$2.80
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,280
|
$2.80
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $16,280 |
| Annual Per SF | $2.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,280 |
| Annual Per SF | $2.80 |
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
5,813 SF
Building Class
C
Year Built/Renovated
1910/2020
Price
$2,727,456 CAD
Price Per SF
$469.20 CAD
Business Value
$1,023,308 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.17 AC
Zoning
TN-TBA - Traditional Neighborhood - Traditional Business Area.
Parking
10 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
39’ on Leonard St NW
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-13-13-356-030 | Total Assessment | $407,827 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $16,280 CAD ($2.80 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
41-13-13-356-030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$407,827 CAD
Annual Taxes
$16,280 CAD ($2.80 CAD/SF)
Tax Year
2025
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Iron Well Bar | 741 Leonard St NW
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