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 |
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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