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    58 Ionia Ave SW Grand Rapids, MI 49503

    For Sale
    $3,660,000

    Single tenant retail property in the heart of downtown.

    Property size:
    12,888 SF
    Lot size:
    0.17 Acres

    Property Features for 58 Ionia Ave SW

    General Information

    Size
    12,888 SF
    Lot size
    0.17 Acres

    Source: Advantage Commercial Real Estate Agent Murphy Wynsma

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in Downtown

    This 12,888 square foot retail property is located in downtown Grand Rapids. The single-tenant property is currently NNN leased and houses Max’s South Seas Hideaway, a well-known bar and tiki-themed establishment. The two-story restaurant and bar features custom craftsmanship and design, creating a tropical atmosphere. The space includes elaborate décor and unique food and cocktail offerings, establishing it as a destination and local favorite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AMFAM Insurance Agency Max's South Seas ... Tiki Bar Loretta's Deep Dish Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Law Firm Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Dorothy and Tony's Gourmet Popcorn Shop, The Tin Can, Grand Woods Lounge, Intersection Lounge, Founders Brewing Co

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6699533
    Latitude
    42.9615358

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    FAQs

    What type of property is this?
    Bar - Single tenant retail property in the heart of downtown.
    Where is this bar located?
    The property is located at 58 Ionia Ave SW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $3,660,000.
    What are key features of this property?
    This property features: - Single tenant NNN leased retail property.; - Located in the heart of downtown Grand Rapids.; - Tenant is Max’s South Seas Hideaway, a well-known and popular bar.
    (616) 802-2608
    Request Owner's contact information
    58 Ionia Ave SW Grand Rapids, MI 49503
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    Grand Rapids, MI 49503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    58 Ionia Ave SW Grand Rapids, MI 49503
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