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Price: $ 899,000.00Listing # 1906823 Address 542 Front Street City: Traverse City State: MI Zip: 49684 Square Ft.: 2394 Acres: 0.1
Great opportunity to purchase a fabulous building at a great corner on West Front Street. This listing is for real estate only. Present location has the history of being a liquor store for approximately six decades -- and was the first in the area to offer lottery (locals remember when lines would form on big jackpot days). The listing includes the parcel at 542 West Front Street, which includes the existing building, as well as a separate designated 118 N Maple. The second lot can be used for excess parking or can be (with City consent) combined with the primary parcel in expanding the footprint of the existing building (or building a new structure). The current owner has had preliminary discussions with the City about demolishing the existing structure and replacing it with a mixed commercial/residential 4-story building. Property is zoned C-2. Seller is willing to entertain a land contract with 25%-30% down, for 3-5 years, at a below interest rate dependent on the overall offer. Seller is a licensed real estate agent in the State of Michigan.
Basic Features: Acres: 0.1 Area: Grand Traverse Neighborhood: Type: Retail/Commercial Square Ft: 2394
Additional Features: Basement: Slab Business Included: No Business Name: Front Street Liquor Construction: Brick,Timber Frame Current Zoning: Commercial,Restaurant/Food,Retail Deeded Water: No Dimensions: 27X165 Directions: N. Side of W. Front Street. One block E. of Division. Days On Market: 67 Days On MLS: 67 ECO Features: No Extras: None Financing: Floor Type: Heating/Cooling: Natural Gas Heating/Cooling Type: Forced Air Included In Rent: Inventory Included: No Licenses: Beer/Wine,Food,Liquor,Tobacco Location: Corner Lot,Freestanding Lot: Miscellaneous: Documents: Possession: At Closing Property Status: Active Real Estate Included: Yes Remodeled: 2016 Road Frontage: Public Maintained Roofing: Membrane For Sale Or Lease: For Sale For Sale Or Rent: For Sale Special Assessment: Township: Traverse City Vacant: No Waste: Water: Municipal Water Year Built: 1955 Zoning: Commercial,Restaurant/Food,Retail Listing courtesy of HSJ Investments ,
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