Bar and Pub
For Sale
$1,475,000
760 Butterworth Street SW, Grand Rapids, MI 49504
The property has natural gas forced-air heating and a paved exterior.
Property Size4,641 SF
Days on Market138
Property Features for 760 Butterworth Street SW
General Information
Standard status
Active
Size
4,641 SF
Taxes and HOA fees
Annual Taxes
$4,009
Amenities
Natural Gas, Forced Air
Paved
Building Details
Building Size
4,641 SF
Year Built
1920
Buildings
1
Listing Agency:
Greenridge Realty Inc.
Listed By:
Giuseppe Lupis
(616) 443-4821
Source:
Evrealestate
Added: May 22
Changed: Sep 24
Last Checked: Oct 5 at 5:54PM
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 Greenridge Realty Inc.
Investment Insights
Based on property information with market context.
This bar and pub property at 760 Butterworth Street SW in Grand Rapids, Michigan, was built in 1920. Its listed features include natural gas forced-air heating and a paved exterior.
The property is in Kent County, near the intersection of Straight and Butterworth streets.
The property is in Kent County, near the intersection of Straight and Butterworth streets.
Key Highlights
- Built in 1920
- Natural gas forced‑air heating
- Paved exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,393
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,860
$1.5M
Cap Rate 7%
$1,077,043
$1.1M
Cap Rate 9%
$837,700
$837.7K
Market Conditions
NOI Build-Up for 4,641 SF
Gross rent
$105.8K $22.80/SF
− Vacancy
−$5.3K −$1.14/SF
EGI
$100.5K $21.66/SF
− OpEx
−$25.1K −$5.42/SF
NOI
$75.4K $16.25/SF
Area
Grand Rapids, MI
Vacancy
5.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,860
Cap Rate 7%
$1,077,043
Cap Rate 9%
$837,700
Alternative Uses
Best Use
Specialty Retail
$1.08M
$942.4K – $1.26M
NOI $75,393 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Little Caesars Pizza
Dining
4,961 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tip Top Deluxe Bar & Grill — 760 Butterworth St SW, Grand Rapids, MI 49504
- The Tin Can — 206 Cesar E. Chavez Ave SW, Grand Rapids, MI 49503
- Founders Brewing Co — 235 Cesar E. Chavez Ave SW, Grand Rapids, MI 49503
- Grand Woods Lounge — 77 Cesar E. Chavez Ave SW, Grand Rapids, MI 49503
- Intersection Lounge — 133 grandville ave sw, grand rapids, mi 49503
Frequently Asked Questions
What type of property is this?
Bar & Pub - The property has natural gas forced-air heating and a paved exterior.
Where is this bar & pub located?
The property is located at 760 Butterworth Street SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Built in 1920; Natural gas forced‑air heating; Paved exterior
