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123 W Front St
Traverse City, MI 49684

Gourdie-Fraser Building · Retail Property For Sale

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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

Year Built/Renovated

1960/2024

Price

£131,261

Price Per SF

£7

Percent Leased

77%

Tenancy

Multiple

Number of Floors

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

Parcel Number	51-794-002-00	Improvements Assessment	£0
Land Assessment	£0	Total Assessment	£1,484,918

PROPERTY TAXES

Parcel Number

51-794-002-00

Land Assessment

£0

Improvements Assessment

£0

Total Assessment

£1,484,918

Listing ID: 33508308
Date on Market: 14/10/2024
Last Updated:
Address: 123 W Front St, Traverse City, MI 49684

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