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

Remarks Misc

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

Additional Details

Ceiling Height: 10

More Information

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

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.