Listed by Blue Rock Commercial Real Estate
$1,999,000
Iron Well Bar - Seller Finance
Details
Property Type Business for Sale, Retail
Sub Type Bar, Business and Building
Square Footage 5,813
Net Rentable (SqFt) 5,813
Cap Rate 10.00%
Occupancy 100%
Price per SqFt $344
Class A
Buildings 1
Stories 2
Zoning TN-TBA
Bar with Real Estate and Liquor License
Marketing description
HERE IS YOUR CHANCE TO OWN A ICONIC BAR ON THE HIGHLY DESIRABLE WEST SIDE OF GRAND RAPIDS. LOTS OF ROOM TO GROW UPSTAIRS. CURRENTLY USED AS A BAR RESTAURANT. GREAT LOCATION WITH OFF-STREET PARKING. LIQUOR LICENSE INCLUDED IN SALE. LAND CONTRACT AVAILABLE. EXTRA REVENUE ABOVE FOR 2 APARTMENTS. IRON WELL HAS BEEN COMPLETELY UPDATED INSIDE WITH MANY DIFFERENT REVENUE STREAMS. LARGE STAGE THAT HAS HOSTED BANDS SUCH AS FOREIGNER IN THE PAST. THIS BAR HAS A LARGE STAGE AND DANCE AREA, ALONG WITH 2POOL TABLES. BAR, BEER TAPS, AND COOLERS HAVE ALL BEEN REPLACED.
Investment highlights
This bar restaurant has tremendous potential to produce much more revenue. The owners have been dealing with health issues that have prevented them from growing this business.
Listing Contacts
Listed by Blue Rock Commercial Real Estate
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