$1,100,000 FOR SALE

Transcription

$1,100,000 FOR SALE

FOR SALE
401 STOCKING AVENUE NW
GRAND RAPIDS, MI 49504
$1,100,000
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This unique restaurant property is located on the
northwest side of Grand Rapids, corner of Stocking and
Bridge. Four floors plus basement (1,640 SF) make up
11,915 SF with two floors restaurant use. Class C liquor
license, Specially Designated Merchant licenses with
Sunday Sales Permit, and Specific Purpose Permit (Food)
and two bars available with purchase.
2nd St
1st St
• 11,915 SF Total
• 0.51 Acres
• TN-TBA, Traditional Neighborhood Zoning
• PPN #41-13-24-359-017
• City of Grand Rapids / Kent County
• AV & TV (2012) $594,200
• 2012 Property Taxes ($49.0524 Millage)
$28,769.97-Summer / $668.36-Winter
• Personal Property AV & TV (2012) $55,000
• 2012 Personal Property Taxes ($37.0524 Millage)
$2,134.70-Summer / $61.86-Winter
Bridge St
Daniel J. Yeomans, President, MBA, CCIM
[email protected]
Ross E. Pope, CDP, CCIM
[email protected]
Amicus Management, Inc • 555 Cascade West Parkway SE • Grand Rapids, MI 49546 • (616) 954-2000
* ATTENTION: Please be advised that this property is subject to a court appointed receivership and all sales are contingent upon Court approval. Cooperating brokerage fees
will only be paid to brokers who represent a client that closes on the transaction. A full price offer does not entitle a cooperating broker to a commission unless its client is
the party approved by the Court and closes on the transaction. All information provided is deemed reliable but is not guaranteed and should be independently verified.
EXTERIOR PHOTOS
INTERIOR PHOTOS
INTERIOR PHOTOS
INTERIOR PHOTOS
INTERIOR PHOTOS
INTERIOR PHOTOS
INTERIOR PHOTOS
HVAC PHOTOS
HISTORICAL SALES
$1,200,000.00
$1,000,000.00
$800,000.00
LIQUOR BEER SALES
FOOD SALES
$600,000.00
$400,000.00
$200,000.00
$-
2011
FOOD SALES
2011 $
997,660.00
2012 $
917,569.00
Up to Feb 2013 $
155,767.00
2012
LIQUOR BEER SALES
$
174,963.00
$
192,078.00
$
28,716.00
Up to Feb 2013
TOTAL SALES
$
1,172,623.00
$
1,109,647.00
$
184,483.00
HISTORICAL SALES
2011
85%
85%
LIQUOR
FOOD BEER
SALES SALES
LIQUOR BEER SALES
FOOD SALES
15%
15%
2012
2011 GROSS SALES REVENUE
83%
83%
FOOD SALES
LIQUOR
BEER SALES
LIQUOR BEER SALES
FOOD SALES
17%
17%
Up to Feb 2013
84%
86%
LIQUOR
BEER SALES
FOOD SALES
LIQUOR BEER SALES
FOOD SALES
14%
16%
UP TO FEB 2013
EQUIPMENT LIST
VIN or SN
Cond.
1
Item
Advance
Manufacturer
Sinks
Model
Quantity of (3), Stainless Steel Extra Large 3-Basin, Drain
Board Each Side, 8" Back Splash, Overhead Spray Wand,
(2) Faucets, Rolled Drip Edge
Description
N/A
A
2
Alto Sham
1200-UP Proofer
Stainless Steel, Dial Temperature Control, Electric, 2-Door
531173-000
A
3
Anets
Griddle
Stainless Steel, Approx. 7' x 30" Overall Size, 3-Sided Back
Splash, Gas Fired, Table Top Mounted (Table Not Included)
N/A
A
4
Bevles
Classic Line
Proofer Heater
Stainless Steel, Electric, Single Glass Door, Digital Read
Out, Dial Temperature Gage
N/A
F-A
5
Captive Aire
Exhaust Hood
Stainless Steel, Fan System, Removable Filters, (4)
Explosion Proof Lights, Approx. 20' x 5' Overall Size; PyroChem 10-Nozzle Fire Suppression System
N/A
A
6
Captive Aire
Exhaust Hood
Stainless Steel, Fan System, Removable Filters, (4)
Explosion Proof Lights, Approx. 20' x 5' Overall Size; PyroChem 10-Nozzle Fire Suppression System
N/A
A
7
Captive Aire
Hood
Stainless Steel, Vented, Approx. 4' x 6'
N/A
A
8
Carter Hoffman Chip Warmer
Stainless Steel, 2-Section, Electric, Table Top Mounted
N/A
A
9
Duke
Hot Food Station
Stainless Steel, Electric Powered, Steam Heat, (5) Wells,
Lower Shelf
N/A
A
10
Hobart
H-600 Mixer
60-Quart Capacity, Floor Mounted, Work Pieces
1735158
A
11
Imperial
Range
Stainless Steel, 10-Burner, 2-Ovens, Upper Shelf, Gas
Fired, On Casters
12
Krowne
874C Under Bar
Sinks
Quantity of (2), Stainless Steel, 4-Basin, Drain Board Each
Side, 3" Back Splash, (2) Faucets
03030006010
N/A
A
13
Krowne
Dish Rack Units
Quantity of (2), Stainless Steel, Under Bar Type, Holds 3Plastic Dish Trays
11030006009
A
14
Krowne
Ice Bin
Stainless Steel, Approx. Size 36" x 24" x 18" Deep, Speed
Rail
N/A
A
15
Lancer
Drink Dispensers
Quantity of (2), Stainless Steel, Top Mounted, 8-Flavor
Dispenser, Drain Board, Mounted to Ice Bin, Self Contained
N/A
A
16
Manitowoc
Ice Maker
Stainless Steel, Mounted to Extra Large Stainless Steel
Manitowoc Bin
N/A
A
17
Radiance
Char Grill
Stainless Steel, 30" x 30", Gas Fired, Table Top Mounted
(Table Not Included)
N/A
A
N/A
A
EQUIPMENT LIST
Item
Manufacturer
Model
Description
VIN or SN
Cond.
B-2724
A
Stainless Steel, Wall Mounted, 60" x 30" Deep x 24" Tall
Overall Size, Gas Fired
N/A
A
Griddle
4' x 30" Overall Size, Gas Fired, Table Top Mounted (Table
Not Included), Back Splash, Gas Fired
N/A
A
Taylor
384-27 Frozen
Drink Machines
Quantity of (2), Stainless Steel, Single "Margarita" Flavor
Dispensers, Table Top Mounted
J8086869
A
22
TEC
Point of Service
(3) Cash Drawers; (8) Printers; (7) Touch Screens
System Including:
N/A
A
23
Traulsen
G22010 Freezers Quantity of (2), Stainless Steel, 2-Door, Wire Shelves
T00783K08
A
24
True
Bar Coolers
Quantity of (3), Under Bar Type, 3-Glass Sliding Front
Access Doors, Stainless Steel Top, Work Surface
N/A
A
25
True
Cooler
Painted Skin, Under Bar Type, Single Sliding Stainless Steel
Lid
N/A
A
26
True
Storage Drawer
Base Units
Quantity of (2), Stainless Steel, 4-Drawer Cooler Unit
N/A
A
27
True
T-36-GC Cooler
Under Bar Type, Stainless Steel Sliding Top Access Door,
Painted Skin
6636191
A
28
True
TSSU-072-18
Prep Cooler
Stainless Steel, 3-Door, Upper Condiment Lid
6683022
F-A
29
True
TSSU-60-16 Prep Stainless Steel, 2-Door, On Casters, Single Stainless Steel
Cooler
Flip Up Condiment Lid
12756257
A
30
Unknown
Blend Stations
Quantity of (2), Stainless Steel, Single Sink, Faucet, Shelf,
Speed Rail; Drink Blender, Electric
N/A
A
31
Unknown
Chest Freezer
Painted Skin, 5' x 4'
N/A
F-P
32
Unknown
Drink / Beer
Cabinets
Quantity of (2), Wood Construction, Top Mounted, 7-Tap
Beer Tower on Each, Drain, 2-Door Cabinet
N/A
A
33
Unknown
Hot Food Station
Stainless Steel, Electric Powered, Steam Heat, (4) Wells,
Lower Shelf
N/A
A
34
Unknown
Ice Wells
Quantity of (2), Stainless Steel, Center Drain, (1) With Lid,
Under Bar Type
N/A
A
35
Unknown
Walk-In Cooler
Galvanized Panel Construction, Single Door, Painted, 6' x 8'
Overall Size, Condesners, Compressor
N/A
F-A
18
Rankin Delux
TB-825 Char Grill Stainless Steel, 30" x 30" Overall Size, 2-Sided Back
Splash, Table Top Mounted (Table Not Included), Gas Fired
19
Southbend
Cheese Melter
20
Star Max
21
EQUIPMENT LIST
VIN or SN
Cond.
36
Item
Unknown
Manufacturer
Walk-In Cooler
Model
Galvanized Panel Construction, Door, Painted, 20' x 6'
Overall Size, (3) Fan Condenser, Compressor
Description
N/A
A
37
Unknown
Walk-In Cooler
Galvanized Panel Construction, Door, 12' x 8' Overall Size,
Condensors, Compressor
N/A
A
38
Various
Beer Mirrors
Quantity of (8), Various Sizes and Brands
N/A
A-G
39
Vulcan
Deep Fryer
Stainless Steel, Approx. 50# Capacity, Gas Fired
N/A
A
40
Vulcan
Range
Stainless Steel, 6-Burner, Lower Oven, Gas Fired
N/A
A
41
Wunder Bar
Pop Dispensers
Quantity of (2), Wands, Multi-Button
N/A
A
42
Miscellaneous
Restaurant
Seating, Tables,
Booths, etc.
Including:
(25) 36" x 48" Tables, Single Pedestal Formica Tops; (20) 2Pedestal Tables, Formica Tops; (21) Taller 36" x 42"
Painted Tables; Side Wood Table; Waitress Station; Neon
Open Sign; Chalkboard; Lighted Display; Hostess Station;
Wood Bench; (87) High Back Wood Chairs; Approx. (223)
Wood Framed Chairs; Approx. (15) High Chairs; (15) Bar
Stools; (30) Raw Wood Chairs; (13) Raw Wood Tables
N/A
A
43
Miscellaneous
Kitchen
Equipment
Including:
(2) Aluminum Pan Racks; Dunnage Rack; (4) Stainless
Steel Shelves, Various Sizes; (16) Various Metro Style
Shelving Units; Approx. 16' x 4' Wood Glass Holder, Ceiling
Mounted; (8) Various Stainless Steel Work Tables; (2)
Unknown Ice Tea Brewers / Dispensers; (2) Bunn Coffee
Makers, 2-Burner; (27) Various Wire Racks, Wall Mounted
Shelves; Various Pots, Pans, Cooking, Utensils, etc.; (2)
Hatco Gloray Food Warmers; (3) Various Microwave Ovens;
Drink Blender; Cecilware Frozen Drink Machine
N/A
A
44
Miscellaneous
Equipment
Including:
Older Cash Register; (7) Various Carts; Various Glasses,
Dishes, Plates, Flatware, etc.; Credit Card Machine; 2Wheel Hand Truck; Digital Time Clock; (2) Misc. Wood and
Laminate 2-Door Cabinets
N/A
A
EQUIPMENT LIST
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Trends 2012-2017
Annual Rate (in percent)
3
2.5
2
1.5
1
Area
State
USA
0.5
0
Population
Households
Families
Owner HHs
Median HH Income
Population by Age
20
18
16
Percent
14
12
10
8
6
2012
2017
4
2
0
0-4
5-9
10-14
15-19
20-24
25-34
2012 Household Income
35-44
45-54
55-64
65-74
75-84
85+
2012 Population by Race
65
$15K - $24K
18.5%
60
<$15K
22.9%
55
50
$150K - $199K
0.5%
$100K
$200K+
- $149K
1.2%
4.8%
$75K - $99K
5.1%
$35K - $49K
15.9%
Percent
45
$25K - $34K
15.7%
40
35
30
25
20
15
10
5
$50K - $74K
15.5%
0
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Trends 2012-2017
3
2.5
2
1.5
1
Area
State
USA
0.5
0
Population
Households
Families
Owner HHs
Median HH Income
Population by Age
18
16
Percent
14
12
10
8
6
2012
2017
4
2
0
0-4
5-9
10-14
15-19
20-24
25-34
35-44
45-54
55-64
65-74
75-84
85+
$15K - $24K
15.1%
60
55
<$15K
22.4%
50
45
$25K - $34K
15.6%
$200K+
1.1%
$150K - $199K
1.0%
$100K - $149K
4.9%
Percent
40
35
30
25
20
15
$75K - $99K
7.1%
$35K - $49K
16.7%
10
5
$50K - $74K
16.2%
0
White
Black
Am. Ind.
Asian
Pacific
Other
Two+
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Trends 2012-2017
3
2.5
2
1.5
1
Area
State
USA
0.5
0
Population
Households
Families
Owner HHs
Median HH Income
Population by Age
16
14
Percent
12
10
8
6
4
2012
2017
2
0
0-4
5-9
10-14
15-19
20-24
25-34
35-44
45-54
55-64
65-74
75-84
85+
$15K - $24K
13.9%
65
60
$25K - $34K
14.6%
55
<$15K
18.3%
50
$200K+
1.8%
$150K - $199K
1.5%
$35K - $49K
16.3%
$100K - $149K
6.7%
Percent
45
40
35
30
25
20
15
10
$75K - $99K
8.8%
$50K - $74K
18.1%
5
0
White
Black
Am. Ind.
Asian
Pacific
Other
Two+
TRAFFIC COUNTS
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1 Mile Restaurant Map
1 Mile Restaurant Map
Wendy's
Amway Grand Plaza Hotel
Apartment Lounge
Teazer's Bar & Grill
Charley's Crab
Smoke-N Sweet Shop
C C Cafe
Louis Benton Steak House
Xebron
Mojo's Dueling Pianos Bar
Chop House of Grand Rapids
Sushi Marado
Mezze Cafe & Cabaret
Lumber Baron Bar
Leo's
G P Sports
Diversions Video Bar & Grill
Mc Faddens Restaurant & Saloon
Ritz Koney Bar & Grille
Jimmy John's
Woods Lounge
Biggby Coffee
Taco Bob's
Starbucks
Rockys Bar & Grill
Jimmy John's
Angel's Thai Cafe
Twentyfive Kitchen & Bar
Georgio's
Stella's
Viceroy
SUBWAY
Cityflats Hotel-Grand Rapids
Six One Six
Courtyard-Downtown
Tre Cugini
Campau Concessions
Grand Rapids Community College
Big O' Cafe
Qdoba Mexican Grill
Reserve Wine Bar
Buffalo Wild Wings Grill & Bar
Pearl Street Tavern & Chop Hse
Lyon Den
Quiet Cafe
Taco Boy
Subs & More
Bar Divani
Smashburger
Cinco De Mayo
Sushi Yama
Urban Mill Cafe
Z's Restaurant & Bar
Bentham's Riverfront Rstrnt
PO Box 186
187 Monroe Ave NW
33 Sheldon Ave NE
819 Ottawa Ave NW
63 Market Ave SW
111 Lyon St NW # 1
300 Monroe Ave NW
77 Monroe Center St NW # 100
1 Ionia Ave SW # 101
180 Monroe Ave NW # 100
190 Monroe Ave NW
38 Fulton St W
187 Monroe Ave NW
60 Ottawa Ave NW
187 Monroe Ave NW
10 Fountain St NW
58 Ionia Ave SW
63 Monroe Center St NW
77 Grandville Ave SW
187 Monroe Ave NW
633 Ottawa Ave NW
25 Ottawa Ave SW # 100
15 Ionia Ave SW
53 Commerce Ave SW
53 Commerce Ave SW
169 Monroe Ave NW
235 Louis St NW
11 Monroe Ave NW
143 Bostwick Ave NE
80 Ottawa Ave NW # 1
25 Michigan St NE
201 Monroe Ave NW
8 Ionia Ave SW
151 Ottawa Ave NW
200 Ionia Ave NW
143 Bostwick Ave NE
180 Monroe Ave NW # A
25 Michigan St NE # 1500
235 Fulton St W
168 Louis Campau Promenade NW
187 Monroe Ave NW
San Chez A Tapas Bistro
Bull's Head Tavern
J Gardella's Tavern
Rico's Cafe American
Sundance Grill Downtown
Cambridge House
J D Reardon's
Cygnus
Liquid Cargo
Skywalk Deli
Hopcat
Ottawa Tavern
Monroe Cafe
Riverfront Cafe
Parsley Mediterrean Grill
Xo Asian Cuisine
Ski's Sub Shop
Ruth's Chris Steak House
Cornucopia At the Plaza
SUBWAY
TGI Friday's
Bistro Bella Vita
Adobe In & Out Drive Thru
Ali's Diner
Domino's Pizza
El Sombrero Restaurant
Konkle's Bar
Putt-Putt's Bar
Salvatore's Italian Restaurant
O'Toole's Public House
Pizza D'Oro
Gino's Pizza Westside
Vinny's Pizza & Sub Shop
Cafe Stella
SUBWAY Development Office
Little Mexico Cafe
Chicago Style Gyro
Big Boy
Night Cap Bar & Grill
Arnie's Bakery & Restaurant
T & F Adventures Inc
Arnie's Bakery Kafe
Joey's Lounge
Joe V's Sport Lounge
Mitten Brewing Co
Maggie's Kitchen
Pro Street Grill
Anchor
Kuzzins Lounge
Mc Donald's
Burger King
Kale's Korner Bar
Taco Bell
Jost Diner
Dairy Queen
Westsider Cafe
Pearl Street Grill
Mitchell's Pizza
Dairy Queen
Broadway Bar
Vito's Pizza
SUBWAY
El Granjero Mexican Grill
38 Fulton St W
188 Monroe Ave NW
11 Ionia Ave SW
200 Ionia Ave NW
40 Pearl St NW
600 Monroe Ave NW
187 Monroe Ave NW
151 Ottawa Ave NW
187 Monroe Ave NW
231 Fulton St W
80 Ottawa Ave NW # 150
187 Monroe Ave NW
187 Monroe Ave NW
143 Bostwick Ave NE
50 Monroe Ave NW
44 Grandville Ave SW # 100
617 Fulton St W
735 Fulton St W
619 Leonard St NW # C
527 Bridge St NW
640 Bridge St NW
1148 Fulton St W
654 Stocking Ave NW
448 Bridge St NW
619 Leonard St NW # C
1132 Walker Ave NW
1220 Fulton St W
678 Front Ave NW # 115
603 3rd St NW
401 Stocking Ave NW
539 Leonard St NW
407 Pearl St NW
801 Fulton St W
710 Leonard St NW
760 Butterworth St SW
722 Leonard St NW
1125 Fulton St W
526 Stocking Ave NW
527 Leonard St NW
636 Bridge St NW
310 Pearl St NW
447 Bridge St NW
741 Leonard St NW
1130 Fulton St W
410 Pearl St NW
511 Bridge St NW
605 Leonard St NW
701 Lake Michigan Dr NW
1138 Walker Ave NW
1180 Walker Ave NW
310 Pearl St NW
934 Chatham St NW
956 Fulton St W
740 Broadway Ave NW
658 Fulton St W
1202 Fulton St W
950 Bridge St NW
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http://www.kaarcie.com
The Knoxville Area.
2
http://www.lacdb.com
The State of Louisiana.
2
1
PAR
http://www.parcie.com
The State of Pennsylvania.
1
WCIE
http://www.ciewisconsin.com
The State of Wisconsin.
2
LACDB
MFCRE
http://www.mfcre.com
Central and SW FL.
239
KAAR
PropBot
http://propbot.com
A national search engine for commercial real estate.
334
DEGC
Pensacola AoR
http://www.gulfcoastcmls.com
the Gulf Coast Region.
820
OfficeSpace
Yahoo
http://yahoo.com
One of the world's largest search engines.
1,430
CIMLS
LinkedIn
http://linkedin.com
A business-oriented social network with over 100
million members worldwide.
3,183
MEDC
Rofo
http://rofo.com
A tenant-focused search engine for office, retail,
and industrial space.
41,983
1
PropertyShark
http://propertyshark.com
A property research database covering major
markets.
1
24
1
THE AMICUS PROCESS
Bing
http://bing.com
A search engine powered by Microsoft.
Vast Classifieds
http://vast.com
A leading vertical search platform for real estate
with millions of users a month.
193
ICREX
http://www.icrex.net
The State of Indiana.
http://sitefinder.catylist.com
the State of Michigan.
139
http://monroecountyidc.catylist.com
112
http://rematrix.com
A Canadian commercial real estate portal.
77
http://cityoffenton.catylist.com
44
http://annarborusa.catylist.com
28
http://auburnhills.catylist.com
26
http://www.calv.org
The Greater Las Vegas Area.
23
http://www.nicarx.com
Northern Illinois.
20
http://www.newenglandcommercialproperty.com
New Hampshire, Maine, Vermont, Massachusetts.
5
3
OAR
http://www.ohiocommercialsource.com
The State of Ohio.
3
Pikes Peak RSC
http://www.coloradospringscommercialproperties.com
The Colorado Springs Area.
7
NECPE
KCREA
http://www.kcrea.com
The State of Kentucky.
22
NICAR
The RCA of MA
http://www.masscie.com
The State of Massachusetts.
24
CALV
East Lansing
http://eastlansing.catylist.com
26
City of Auburn Hills
LEAP
http://leapinc.catylist.com
39
Ann Arbor SPARK
City of Novi
http://investnovi.catylist.com
48
City of Fenton
Enterprise Group of Jackson
http://enterprisegroup.catylist.com
79
REMATRIX
Wayne County EDGE
http://waynecounty.catylist.com
123
Monroe County IDC
GRCC
http://thegrcc.catylist.com
179
Catylist
Oakland County BDS
http://globaloakland.catylist.com
Marketing Research
3
The MEDC
http://medc.catylist.com
the State of Michigan.
2
25
2

$1,100,000 FOR SALE

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