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Iconic West Side Bar Opportunity
For Sale
$1,999,999

741 LEONARD St NW, Grand Rapids, MI 49504

Iconic bar with apartments and liquor license for sale.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market255

Property Features for 741 LEONARD St NW

General Information

Standard status Active
Lot size 0.17 Acres
Property subtype Other

Taxes and HOA fees

Annual Taxes $8,284

Building Details

Year Built 1910
Units 1
Listing Agency: Realty Michigan LLC
Listed By: Drew Wodarski · License #6502393815
Source: Elliman
Added: Nov 27, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:31PM

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

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

The Iron Well Bar & Pub

Suggested Use

Top Pick Dental Office Daycare Center Nail Salon Cafe & Coffee Shop Carpet & Flooring Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

741
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49504, MI

41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Similar Off Market 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

Frequently Asked Questions

What type of property is this?
Bar & Pub - Iconic bar with apartments and liquor license for sale.
Where is this bar & pub 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 $1,999,999.
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.
More about this property
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