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Max's South Seas Hideaway - 58 Ionia Ave SW - Grand Rapids, MI

58 Ionia Ave SW Grand Rapids, MI 49503

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Overview

Advantage Commercial Real Estate is pleased to present the sale of 58 Ionia Avenue SW, a single tenant, 12,888 SF, NNN leased, retail property in the heart of downtown Grand Rapids. The property is home to Max’s South Seas Hideaway, one of the cities most well known bar’s, and its only tiki themed bar.

Max’s South Seas Hideaway is an immersive two-story tiki-themed restaurant and bar located in downtown Grand Rapids, designed and built with extensive custom craftsmanship by renowned tiki artisans to create a one-of-a-kind tropical escape. The space reflects significant investment and attention to detail, from elaborate décor to unique food and cocktail experiences, establishing it as both a destination and a local favorite.

For Sale

Retail
Investment

Secondary Uses: Restaurant, Free Standing, Street Retail

Sale Price
$3,660,000
Price Per SF
$284/SF
Cap Rate
7.5%
Building Size
12,888 SF
Acres
0.1147 ac
Zoning
CC
Zoning Description
City Center
Net Operating Income
$274,545
Tenant
Max's South Seas Hideaway
Building Name
Waldron Building
Number of Buildings
1
Floors
3
Year Renovated
2019
Construction Siding
Brick
Construction Type
Masonry
Submarket
Central Business District
Nearest MSA
Grand Rapids-Kentwood
Property Status
Existing
County
Kent
Created
2025-08-22
Updated
2025-10-06
Listing ID
33977f8a
Parcel APN
411325435004

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