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    741 Leonard St NW Grand Rapids, MI 49504

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    For Sale
    $2,750,000

    Iconic bar with apartments and liquor license for sale.

    Lot size:
    0.17 Acres

    Property Features for 741 Leonard St NW

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1910

    Source: Realty Michigan LLC Agent Drew Wodarski

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

    Overview

    Iconic West Side Bar Opportunity

    An iconic bar located on the desirable west side of Grand Rapids is available for purchase. The property, currently operating as a bar and restaurant, offers room for expansion upstairs. It features off-street parking and includes a liquor license in the sale. The property provides extra revenue from two apartments. The bar has been completely updated inside and offers multiple revenue streams. A large stage, which has hosted bands such as Foreigner, is present, along with a dance area and two pool tables. The bar, beer taps, and coolers have all been replaced. Land contract is available.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Iron Well Bar

    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

    White Water Lounge, The Holiday Bar, Big E's Sports Grill, Monarchs Club Corner Bar, Blue Dog Tavern

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.687065
    Latitude
    42.985431

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    FAQs

    What type of property is this?
    Bar - Iconic bar with apartments and liquor license for sale.
    Where is this bar located?
    The property is located at 741 Leonard St NW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Liquor license included in sale.; - **Great location** on the desirable West Side of Grand Rapids with off-street parking.; - Established bar/restaurant with multiple revenue streams.
    (616) 890-8225
    Request Owner's contact information
    741 Leonard St NW Grand Rapids, MI 49504
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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
    741 Leonard St NW Grand Rapids, MI 49504
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