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20 Monroe Live listed for sale in downtown Grand Rapids

Posted at 3:40 PM, Nov 18, 2020
and last updated 2020-11-18 15:40:14-05

GRAND RAPIDS, Mich. — 20 Monroe Live and The BOB have been listed for sale, owners confirmed Wednesday.

The downtown Grand Rapids concert venue space is listed for $16.5 million with an option to purchase the BOB property as well for $15.5 million.

The listing includes the existing lease with Live Nation, the entertainment company that operates and manages 20 Monroe Live.

The coronavirus pandemic has done significant damage to the entertainment and hospitality industries.

“In 1996, the BOB was one of the catalysts in developing and creating the downtown entertainment district and its plan to sell its real estate, not its business, will leave it with the resources to focus on protecting and growing its business and navigating through COVID-19 so it remains a leader in the downtown entertainment district,” said Greg Gilmore, who owns 20 Monroe Building Co. LP.