Is Stella’s Lounge Downtown Grand Rapids For Sale?
A listing for the building that's home to a popular bar downtown Grand Rapids bar recently caught my eye.
Stella's Lounge is a staple to the Grand Rapids Downtown and is well known for its award-winning burgers, vegan and vegetarian specialties, more than 250 Whiskeys, and collection of arcade games.
The bar, which opened in 2010, is located in the heart of Grand Rapids, at 53 Commerce Ave. SW, within walking distance to Van Andel Arena, Celebration Cinema Studio Park Development, and many other bars and restaurants.
So is Stella's up for sale?
Well, the building is, but according to the listing, Stella's has a 10-year net lease at the location at with 4 years remaining:
The lease is at fair market value and has 3% annual rent increases.
So whoever purchases the building will become Stella's landlord. What do you think, interested in the investment?
How much are we talking here? The one-story, 5,000 square-foot building is on the market for $1,300,000. The listing has been active since Sep 27, 2023.
Check out photos of Stella's in the gallery below!
Stella's Lounge Building for Sale Downtown Grand Rapids
Gallery Credit: Janna