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120 S Park Street Map / directions

Traverse City, MI

49684 Market info

  • MLS# 1839689
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Location, Location, Location - You can not top this one. Located in the Heart of Traverse City Proper on Park Street, this established "go to" Restaurant location has thrived for over 7 decades. Current tenant lease expires 12-31-2017. Is this the next perfect spot for you to run your own cool eatery? Walking distance to the Park Place, Radio Center, The State Theater, The Bijou, the Opera House - anything downtown - this is the spot. Current tenant has strong positive presence in the community, and great food so the stage has been set for a thriving healthy business. This is a listing for the sale of the building and land only. NOT the current business or equipment. Some equipment may be available and would be negotiated in a separate agreement. If you have been just waiting for the perfect location to this the Market - THIS IS IT! Lease option available $65,900 per year - Triple Net Lease Been thinking of developing a downtown parcel - IT can be whatever you create, currently surrounded by construction, it is ripe for new ideas, and can be taller then one story. Go vertical and increase your opportunities for offices, housing and an eatery, or cute retail space. This is a SWEET Spot - grab it!

Property Information

Status
Active 
Address
120 S Park Street 
City
Traverse City 
Zip
49684 
Year Built
1956 
Listing Date
10/17/2017 
County
Grand Traverse 
Possession
Negotiable 
Parking
Paved,Parking Garage,Parking Lot,Street Parking 
Price/SqFt
284.29 

Taxes

Summer Taxes
$13,708 
Winter Taxes
$1,224 

Features

Current Use
Restaurant/Food Service,Bar 
Features
12ft Ceiling Height, Sprinkler System 
Zoning
Commercial 
Water
Municipal Water 
Sub Property Type
Mixed Use 
Licenses
None 
Exterior Features
Block 
Cooling
Forced Air, Natural Gas 
Heating
Forced Air, Natural Gas 

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Customer Care
Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Customer Care
Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MITAAR Logo

Listing Courtesy of Keller Williams-Greater Gt
Office Address 534 E Front Street Suite 1

Real Estate One Family of Companies

120 S Park Street Traverse City
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$995,000
For Sale • Acres: 0.17 • Zoning: Commercial