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123 W Front St
Traverse City, MI 49684

Gourdie-Fraser Building · Retail Property For Sale

Investment Highlights

  • Downtown Front St Location
  • Includes Liquor License
  • Recently Remodeled

Executive Summary

Turnkey restaurant in great downtown Traverse City location on W Front St, close to Union St. Recently remodeled space with fresh coastal look and new furnishings/equipment. Liquor license, equipment including hood vent, table/chairs and other personal property included. Sale of business only (real estate not included) with buyer to assume lease and $39K loan on hood vent. Seating for 83 plus additional sidewalk seating with roll-up front door. Extra basement storage, two restrooms and office. Seller financing available.
Virtual Tour at https://my.matterport.com/show/?m=vTrv7Fkakyn

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,665 SF
Building Class
C
Year Built/Renovated
1960/2024
Price
$165,000
Price Per SF
$9
Percent Leased
77%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.41 AC
Zoning
C-201 - Commercial Zoned District

Amenities

  • Tenant Controlled HVAC
  • Air Conditioning

About 123 W Front St , Traverse City, MI 49684

Turnkey restaurant in great downtown Traverse City location on W Front St, close to Union St. Recently remodeled space with fresh coastal look and new furnishings/equipment. Liquor license, equipment including hood vent, table/chairs and other personal property included. Sale of business only (real estate not included) with buyer to assume lease. Seating for 83 plus additional sidewalk seating with roll-up front door. Extra basement storage, two restrooms and office. Seller financing available. Virtual Tour at https://my.matterport.com/show/?m=vTrv7Fkakyn

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-794-002-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,866,600
  • Listing ID: 33508308

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 123 W Front St, Traverse City, MI 49684

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