Two-Story Bar and Music
For Sale
$1,475,000
760 Butterworth Street SW, Grand Rapids, MI 49504
Commercial Sale, Grand Rapids, MI
Property Size4,641 SF
Lot Size0.12 Acres
Price / SF$317.82
Days on Market138
Property Features for 760 Butterworth Street SW
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
From Wealthy, north on Straight, property is on the right before intersection with Butterworth.
Standard status
Active
APN
41-13-25-351-001
Size
4,641 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 881* PANFIL S ASSESSOR S PLAT NO 46* OF PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 25 T7N R12W
Tax Annual Amount
4010
Legal Description
LOT 881* PANFIL S ASSESSOR S PLAT NO 46* OF PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 25 T7N R12W
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Building Details
Year built
1920
Number of units
2
Listing Agency:
Greenridge Realty (EGR)
(616) 458-3655
Listed By:
Giuseppe Lupis
(616) 443-4821
Added: May 22
Changed: Sep 12
Last Checked: Oct 6 at 12:06PM
MLS# 26024182
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 760 Butterworth Street SW in Grand Rapids, this 4,641-square-foot commercial property occupies 0.12 acres and dates to 1920. The two-story building operates as a bar and music venue, with the main level arranged for those uses. The upper floor includes an office and green room, while three bathrooms serve the property. Forced-air heating is installed, and natural gas is available.
The property is positioned near the new downtown Amphitheater and major bus lines, with a location described as steps from both. Commercial Improved zoning supports the existing commercial use. The operation includes a Class C liquor license and recurring live performances featuring national and local acts. The upper-level layout also provides adaptable space within the existing building configuration.
The property is positioned near the new downtown Amphitheater and major bus lines, with a location described as steps from both. Commercial Improved zoning supports the existing commercial use. The operation includes a Class C liquor license and recurring live performances featuring national and local acts. The upper-level layout also provides adaptable space within the existing building configuration.
Key Highlights
- 4,641‑square‑foot, two‑story commercial building on 0.12 acres
- Existing bar and music venue with Class C liquor license
- Upper floor includes an office and green room
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
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
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
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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 - Class C liquor license, live entertainment programming, and flexible upper-level space support the existing commercial operation.
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: 4,641‑square‑foot, two‑story commercial building on 0.12 acres; Existing bar and music venue with Class C liquor license; Upper floor includes an office and green room
