834 Leonard StGrand Rapids, MI 49503

Property Details for 834 Leonard St

Year built

1946

Lot size

1.16 AC

Property size (Sq ft)

12,160 SF

Zone code

MCN-C

Property type

Commercial real estate

APN

41-14-20-101-044

APU

411420101044

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,542,120

  Hospitality

  $2,328,568

  Educational

  $1,937,341

  Medical

  $2,003,969

  Retail

  $3,013,642

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9841

Longitude

-85.6486

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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