1485-1489 Lake Drive SE, Grand Rapids, MI 49506 (MLS# 24058035)

1485-1489 Lake Drive SE, Grand Rapids, MI 49506

$2,500,000

Property Type: Commercial Sale Baths: 2 Square Footage: 3,773 Lot Size (sq. ft.): 6,534 Status: Sold

Current Price: $2,500,000 List Date: 9/08/2025 Last Modified: 4/15/2026

Overview

Description

Smitty's Specialty Beverage, a beloved fixture in Eastown Grand Rapids, an exceptional opportunity for both business and lifestyle. This iconic liquor store is known for its charm and loyal customer base for 43 years, featuring a wide selection of specialty beverages. Included with the sale is a valuable liquor license, adding significant business potential. The property also boasts a spacious upstairs apartment, providing convenient living quarters or potential rental income. Smitty's is more than just a store - it's a piece of the neighborhood, blending tradition with opportunity in one of the city's most vibrant areas.

Listing Details MLS# 24058035

Location Property Info

County: Kent
Street #: 1485-1489
Street Name: Lake
Suffix: Drive
Post Direction: SE
State: MI
Zip Code: 49506
Zip (4): 1711

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.15
Lot Square Footage: 6534
Lot Dimensions: NA
Year Built: 2012
Road Frontage: 306.95
Total # Units: 2
# Fin Bldg Lvls: 2
Total # Bldgs: Yes
Total SqFt: 3773
Full Baths: 3
Total Baths: 2
Waterfront: No
School District: Grand Rapids

Tax Info

Tax ID #: 41-14-29-482-010
Taxable Value: 17018
SEV: 104600
For Tax Year: 2023
Seller's Annual Property Tax: 10201.3
Tax Year: 2023
Homestead %: 100
Spec Assessment & Type: NA
Non-Conforming Use: No

Remarks Misc

Directions: On the right side of Lake Drive as you drive towards Downtown GR.

Status Change Info

Under Contract Date: 2025-10-14
Sold Date: 2026-04-13
Sold Price/SqFt: 662.6

More Information

Additional Details

Total Parking Spaces: 7

Property Features

Property Use: Business; Investment Uses: Retail; Storage; Other Business Includes: Equipment; Furniture; Licenses Construction Type: Block; Concrete; Steel Exterior Material: Brick; Concrete Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Aerial Photo Sale Conditions: None

Listing Office: Keller Williams GR North

Listing Agent: Diane Griffin

Last Updated: April - 15 - 2026

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