1485-1489 Lake Drive SE $2,980,000

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    1485-1489 Lake Drive SE Grand Rapids, MI 49506

    • 3,773 sq. ft.
    • 0.15 Acres
    • Commercial
    • MLS# 24058035
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    Views: 7 Days On Site: 15

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    Property Details

    Smitty's Specialty Beverage, a beloved fixture in Eastown Grand Rapids, an exceptional opportunity for both business and lifestyle. This iconic liquor store is known for its charm and loyal customer base for 43 years, featuring a wide selection of specialty beverages. Included with the sale is a valuable liquor license, adding significant business potential. The property also boasts a spacious upstairs apartment, providing convenient living quarters or potential rental income. Smitty's is more than just a store - it's a piece of the neighborhood, blending tradition with opportunity in one of the city's most vibrant areas.

    • General Features
      • Year Built 2012
      • New Construction Y/N false
      • Business Type Other,Storage,Retail
      • County Or Parish Kent
      • Property Sub Type Retail
      • Tax Annual Amount 10201.3
    • Building Features
      • Cooling Central Air
      • Cooling Y/N true
      • Construction Materials Concrete, Brick
      • Building Area Total 3773.0
      • Number Of Units Total 2
      • Heating Y/N true
      • Heating Forced Air
      • Full Bathrooms 3
      • Bathrooms 3
      • Parking Total 7.0
    • Property Features
      • Lot Size Acres 0.15
      • Lot Size Area 0.15
      • Number Of Buildings 1
      • Utilities Cable Connected, Broadband
      • Water Source Public
      • Waterfront Y/N false
    • Schools
      • High School District Grand Rapids

    Neighborhood

    49506 (Grand Rapids) Demographics

    34 Median Age
    4,351 Population Density (per sq. mile)
    70% College Educated
    $86,004 Estimated Median Income
    9,471 Estimated Total Home Owners
    3,187 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    34,058 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $400,000 Median Sales Price
    59 Homes Sold
    81 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,980,000
        11/6/2024 7:44:00 AM New in Database Source: Multiple Listing Service New Value: $2,980,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.