69 S. Main St NE

Retail-Commercial for Sale
Catylist Listing ID: 30351839
Property Subtypes: Restaurant, Retail-Pad, Tavern/Bar/Nightclub, General
Building Size (RSF): 2,850 SF
Gross Land Area: 0.10 Acres
Sale Price: $425,000
Unit Price: $149.12 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: Triple B Bar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2019

Overview / Comments

The Triple B Bar is fully furnished and recently renovated. This opportunity offers full amenities (Liquor, Beer, Lotto and Food) and has a seasonal outdoor patio area. Property has potential for two apartments upstairs that provides additional rental income. Floors were recently redone and new HVAC/Furnace unit installed. All FF&E, inventory and licenses come with purchase including Class "C" Liquor License; Approved Bar Service, Entertainment, Outside Service and Beer Take Out.


Finance Data Year 2006
Real Estate Taxes - Annual($) $33,404 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Other area
Taxing Authority: City of Cedar Springs
Tax ID/APN: 41-02-25-481-005
Zoning: B-2
Largest Nearby Street: Muskegon St/17 Mile
Feet of Frontage: 33
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1910
Year Renovated: 2018
Construction/Siding: Wood Frame
Exterior Description: Wood
Parking Description: Street
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 33
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal
Legal Description: N 1/2 OF LOT 4 BLK 52 * VILLAGE OF CEDAR SPRINGS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,249 10,262 25,759
Median Age: 31.92 34.76 36.3
Households: 757 3,642 8,986


Photograph of Listing Agent

Joe Rizqallah

Signature Associates
CARWM Member
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