244 N Water Street
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33 photos

$1,200,000

244 N Water Street
Kent, OH 44240
Listed by Mary A Markulis · The Agency Cleveland Northcoast
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

After 30 years of successful ownership of one of the flagship bars in downtown Kent University college town, owner is exploring leaving the bar business and enjoy lakes, boats and sunsets! Here is your opportunity to snag a location stable enough to stand the test of time. Currently known as Brewhouse and Brew down, it was also know in the past as JB's Downunder where it featured many artists such as the Red Hot Chili Peppers, Glass Harp, Eric Carmen, The Rasberries, and Joe Walsh. This location also housed a Paninis restaurant. It currently does not operate with a kitchen, but the opportunities are there for the next owner. The space is absolutely massive. Maybe use some of the unused areas for event rentals? Maybe office? Your vision! Get in now before the start of the new school year! Comes with liquor license and all interior contents, minus a few memorabilia items that may be held back. The current operating sqft is roughly 7,840 with another entire third level that was semi finished with roughly another 3,000+ sq ft, becoming potential of roughly 11,000sqft of entertainment space! There is one totally separate bar in the lower level currently called BrewDown and then the main bar on the main level currently operating as Brewhouse. Could that space downstairs be the next Speakeasy? Upstairs has it's own entrance as well. It's a pretty neat space that could be offices? Maybe work cohab spaces? Check out the live video in the link which was recorded in mid May.

Property details

MLS #
5207000
Property type
Other
Subdivision
Franklin
Status
Active
Days on market
13
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.098 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Davey Elementary School
0.47 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
450
Student:teacher ratio
20.5:1
District
Kent City
Middle
Stanton Middle School
0.96 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
659
Student:teacher ratio
14.6:1
District
Kent City
High
Theodore Roosevelt High School
0.93 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,267
Student:teacher ratio
17.4:1
District
Kent City

Mortgage calculator

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Est. monthly payment
$7,377/mo
$240,000 down
$960,000 loan
Principal & interest$6,227
Property tax (est.)$1,000
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 2, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.