For Sale
741 LEONARD Street NW, Grand Rapids, MI 49504
$1,999,999
MLS # 23018916 (Michigan Regional Information Center (MichRIC))
2 bathsBuilt 19100.17 acres
1 / 9
Listing 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.
Source: SparkMLS
About this home
This 2-bath home built in 1910 sits in Grand Rapids in Grand Rapids.
Currently offered at $1,999,999.
Estimated annual property tax: $8,284, or about $690 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers. Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms2
Lot Size0.17 acres
Year Built1910
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49504
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionAluminum Siding, Block, Vinyl Siding, Brick, Metal Siding
HeatingForced Air, Hot Water
UtilitiesElectricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Sale & Financing
Listed5/30/2024
Original Price$2,750,000
Terms AcceptedConventional, Land Contract, Cash
Source: SparkMLS
Tax Information
Annual Tax$8,284
Tax Year2022
State Equalized Value$298,200
Taxable Value$253,233
Assessed Value$421,600
Parcel #411313356030
Source: Public Records
Legal Description
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 Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Drew Wodarski
Realty Michigan LLC
Frequently Asked Questions about 741 LEONARD Street NW, Grand Rapids, MI 49504
What school district is 741 LEONARD Street NW, Grand Rapids, MI 49504 in?
Per MLS# 23018916, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 23018916, the seller has indicated this property accepts the following financing types: Conventional, Land Contract, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 23018916, the most recent reported annual property tax for 741 LEONARD Street NW, Grand Rapids, MI 49504 is $8,284 (2022). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 741 LEONARD Street NW, Grand Rapids, MI 49504 eligible for USDA financing?
Per USDA Rural Development boundary data, 741 LEONARD Street NW, Grand Rapids, MI 49504 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 741 LEONARD Street NW, Grand Rapids, MI 49504 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 741 LEONARD Street NW, Grand Rapids, MI 49504?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$12,972
Principal & interest$12,972
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteDSLSatelliteFixed WirelessLicensed Fixed Wireless
9 providers at this address
AT&TFiber
5 GbpsXfinityCable
2 GbpsSpectrumCable
1 GbpsStarlinkGSO Satellite
280 MbpsAT&TDSL
100 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsMichwave Technologies IncFixed Wireless
50 MbpsAT&TLicensed Fixed Wireless
25 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
741 LEONARD Street NW, Grand Rapids, MI 49504
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Municipality
Grand Rapids
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