The BOB
Retail-Commercial
for Sale
| Catylist Listing ID: |
30667061 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
72,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.56 Acres
|
| Sale Price: |
$15,500,000 |
| Unit Price: |
$215.28 PSF |
| Property Use Type: |
Investment, Business |
| Building Name: |
The B.O.B. |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/1/2021 |
Overview / Comments
The B.O.B. (an acronym for Big Old Building) is located in downtown Grand Rapids. The 72,000-square-foot, four-story, red brick building was constructed in 1903 as Judson's grocery warehouse. It stood vacant for decades before The Gilmore Collection began its transformation, saving it from demolition. Its casual appeal, large size and historic charm have given The B.O.B. destination status in downtown Grand Rapids. Ambitious, expansive, and versatile, The B.O.B. is a big old building of fun, offering a multitude of choices for each guest who walks through the door.
The B.O.B is home to B.O.B's Brewery, H.O.M.E.(House of Music & Entertainment), Gilly's Smokehouse, Judson's Steak House, Bobarino's Pizzeria, Dr. Grins Comedy Club, Eve Nightclub, and an outdoor (5200 SF) Beer Garden.
This listing includes the real estate and businesses within. Can be purchased with 20 Monroe LIVE as a package deal.
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Additional Details
| Nearest MSA: |
Grand Rapids-Kentwood |
| County: |
Kent |
| Submarket/Township: |
Central Business District |
| Tax ID/APN: |
41-13-25-290-010 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: |
Fulton-Monroe-Ottawa |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Fulton |
| Feet of Frontage: |
450 |
| Tenancy: |
Multiple Tenants |
| Number of Stories: |
5 |
| Property Condition: |
Excellent |
| Year Built: |
1903 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,559 |
150,791 |
288,738 |
| Median Age: |
28.04 |
30.93 |
33.76 |
| Households: |
9,393 |
56,420 |
110,624 |
|
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