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$2,298,000 Sale Pending

  • For Sale
  • Pending
  • Retail
  • 3,773 Sq. Ft.
  • 7 Parking Spaces
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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.

Full Property Details for 1485-1489 Lake Dr SE

General

  • Price: $2,298,000
  • Taxes: $10,201
  • Status: Pending
  • Type: Retail
  • Source: SWMRIC_MLS
  • MLS ID: 24058035
  • Updated: 3/19/2026
  • Added to Site: 208 day(s) ago

Business

  • Business Type: Other, Storage, Retail

Interior

  • Interior Features: Broadband

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Parking

  • Total Spaces: 7

Location

  • Area: Grand Rapids - G
  • County: Kent
  • Cross Streets: Wealthy St and Hampton Ave
  • Driving Directions: On the right side of Lake Drive as you drive towards Downtown GR.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Cable Available: Yes
  • Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Structural Information

  • # Buildings: 1
  • Construction: Concrete, Brick
  • Stories/Levels: 2
  • Square Feet: 3,773
  • Year Built: 2012

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,534
  • Lot Dimensions: NA

Financial Considerations

  • Tax Amount: $10,201.3
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 18 EXCEPT N 53 FT* GILES ADDITION
  • Property ID: 41-14-29-482-010

Listed by Keller Williams GR North, Diane Griffin

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Listing agent

— 1485-1489 Lake Dr SE —

  • Diane Griffin

    Keller Williams GR North

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 1485-1489 Lake Dr SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2025
Price Reduced
$2,298,000
-14.25%
MLS
9/09/2025
Price Reduced
$2,680,000
-10.07%
MLS
11/06/2024
Listed
$2,980,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1485-1489 Lake Dr SE

Year
Property Taxes
Change
Tax Assessment
Change
2021
$1,092
—
$104,500
—
2021
$1,092
1%
$104,600
190%
2019
$1,084
—
$36,100
24%
2019
$1,084
41%
$29,200
63%
2016
$770
-26%
$17,900
—
2017
$1,040
45%
$17,900
4%
2014
$718
-28%
$17,200
—
2015
$993
38%
$17,200
5%
2014
$718
-34%
$16,400
-22%
2019
$1,084
61%
$21,000
28%
2012
$673
—
$16,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams GR North, Diane Griffin

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1485-1489 Lake Drive SE, Grand Rapids, MI 49506 (MLS# 24058035) is a Retail property. 1485-1489 Lake Drive SE is currently listed for $2,298,000 and was received on September 08, 2025. Want to learn more about 1485-1489 Lake Drive SE? Do you have questions about finding other Retail real estate for sale in Grand Rapids? You can browse all Grand Rapids real estate or contact a Coldwell Banker agent to request more information.

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