11 Ionia Ave SW

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30511355
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $277.78 PSF
Property Use Type: Investment, Business
Building Name: J. Gardella's Tavern
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/31/2020

Overview / Comments

Don't miss this opportunity to own a piece of downtown! J. Gardella's Tavern is included in the sale of the building along with it's liquor license. Buyer can continue to run the bar/restaurant or redevelop the space for a different use!

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Taxing Authority: Grand Rapids
Tax ID/APN: 41-13-25-428-003
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,717 148,824 285,457
Median Age: 27.88 30.75 33.51
Households: 9,756 55,515 109,367


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