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Price: $ 899,000.00

Listing # 1906823

Address 542 Front Street

City: Traverse City

State: MI

Zip: 49684

Square Ft.: 2394

Acres: 0.1

 

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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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