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    1489 Lake Dr SE Grand Rapids, MI 49506

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    For Sale
    $2,298,000

    Iconic liquor store with upstairs apartment in vibrant Eastown.

    Property size:
    6,482 SF
    Lot size:
    0.15 Acres

    Property Features for 1489 Lake Dr SE

    General Information

    Size
    6,482 SF
    Lot size
    0.15 Acres

    Source: Keller Williams GR North Agent Diane Griffin

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

    Overview

    Eastown Grand Rapids Retail Opportunity

    Smitty's Specialty Beverage, a fixture in Eastown Grand Rapids for 43 years, presents an opportunity for business and lifestyle integration. This retail property, known for its charm and loyal customer base, features a wide selection of specialty beverages. The sale includes a valuable liquor license, enhancing the business potential. The property also includes a spacious upstairs apartment, suitable for living or rental income. The property size is 6,482 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Smitty's Specialty Beverage Liquor Store CoinFlip Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Family Fare Supermarket, Wealthy Market

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.63259
    Latitude
    42.956272

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    FAQs

    What type of property is this?
    Grocery and convenience store - Iconic liquor store with upstairs apartment in vibrant Eastown.
    Where is this grocery and convenience store located?
    The property is located at 1489 Lake Dr SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $2,298,000.
    What are key features of this property?
    This property features: - Iconic and charming property in the vibrant Eastown neighborhood.; - Established business with a 43-year history and loyal customer base.; - Valuable liquor license included in the sale.
    (616) 447-9100
    Request Owner's contact information
    1489 Lake Dr SE Grand Rapids, MI 49506
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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
    1489 Lake Dr SE Grand Rapids, MI 49506
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