741 LEONARD NW Street, Grand Rapids, MI 49504
Iconic bar and restaurant with growth potential in Grand Rapids.
- Added:
- Mar 11, 2026
- Days on Market:
- 109
- Last Refresh:
- Apr 5 at 9:23 pm
Property Features for 741 LEONARD NW Street
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1910
Listing office Realty Michigan LLC (616) 890-8225
Listing date Mar 11, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realty Michigan LLC
HighLights
- Liquor license included in sale
- Established bar/restaurant with multiple revenue streams (bar, apartments)
- Great location on the desirable West Side of Grand Rapids with off‑street parking
- Large stage and dance area, previously hosted well‑known bands
- Land contract available
- Recently updated bar, beer taps, and coolers
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $22.80 |
| − Vacancy | −$8.0k | −$1.14 |
| EGI | $151.6k | $21.66 |
| − OpEx | −$37.9k | −$5.42 |
| NOI | $113.7k | $16.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- White Water Lounge — 710 Monroe Ave NW, Grand Rapids, MI 49503
- The Holiday Bar — 801 5th St NW, Grand Rapids, MI 49504
- Big E's Sports Grill — 710 Monroe Ave NW, Grand Rapids, MI 49503
- Monarchs Club Corner Bar — 646 Stocking Ave NW, Grand Rapids, MI 49504
- Blue Dog Tavern — 638 Stocking Ave NW, Grand Rapids, MI 49504
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6871
- Latitude
- 42.9854
