834 Leonard StGrand Rapids, MI 49503

For Sale
$1,400,000

12,160 SF Restaurant, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Grand Rapids investment opportunity encompasses a 1.16-acre lot featuring two buildings totaling 12,160 square feet of restaurant/retail space. Currently occupied by Vitale's restaurant and sports bar, the property boasts a large parking lot and prominent pylon signage. Located in a high-traffic area with over 6,000 vehicles passing daily, this site presents significant redevelopment potential. The buildings, constructed in 1946 and renovated in 1988, feature a recently updated roof and ceiling tiles. The property is zoned MCN-C, offering flexibility for various uses. The seller is open to selling the property and business together, selling the property separately, or relocating the existing business. Given its proximity to major universities and high traffic counts, this location is ideal for a variety of projects, including college housing, mixed-use developments incorporating retail, office, and apartment spaces, multi-family residential, medical office buildings, or retail strips. The asking price for this prime piece of real estate is $1,400,000. The property's APN is 41-14-20-101-044.

Highlights

  • Rare redevelopment opportunity north of Downtown Grand Rapids.
  • 1.16-acre site with 12,160 SF of existing restaurant/retail space in two buildings.
  • Ample parking and pylon signage.
  • Currently occupied by Vitale's restaurant/sports bar.
  • Recently updated with new roof and ceiling tiles.
  • Seller open to selling property only, business only, or both.

Property Details for 834 Leonard St

Property type
Other retail properties, Restaurants
Square Feet
12,160 SF
Year Built/Renovated
1946/1988
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9842492
Longitude
-85.6483848
834 Leonard St, Grand Rapids, Michigan
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834 Leonard St
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