20 Monroe LIVE

Retail-Commercial for Sale
Catylist Listing ID: 30667067
Property Subtypes: Free-Standing Building, Tavern/Bar/Nightclub
Condo? Yes
Building Size (RSF): 42,760 SF
Gross Building Area: See Agent
Gross Land Area: 25,203 SF
Sale Price: $16,500,000
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 20 Monroe LIVE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2020

Overview / Comments

Since its debut in early 2017, 20 Monroe Live is the state-of-the-art venue in Grand Rapids. A new home for live music, entertainment and special events, 20 Monroe Live has features that allows the venue to accommodate nearly 2600 patrons for live events and scale down to an intimate configuration for all types of special events. Most shows will feature a general admission standing floor with reserved mezzanine seating, while certain events will feature seating throughout. The second level features the Vanguard, a beautiful VIP club with the amenities of a private bar, open air patio and access to the best seats in the house.

This listing includes the real estate and existing lease with LiveNation.
Can be purchased with The BOB as a package deal

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Tax ID/APN: 41-13-25-290-009 Condo Unit #2
Is Condo?: Yes
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: Monroe-Ottawa
Feet of Frontage: 150
Highway Access: Immediate highway access to I96 and 131
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2017
Parking Description: City Ramps

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,979 151,403 290,203
Median Age: 28.07 30.89 33.59
Households: 10,462 56,670 111,359
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