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120 S Park St 3,500 SF Retail Building Traverse City, MI 49684 $1,861,204 CAD ($531.77 CAD/SF)
Executive Summary
Spectacular development parcel located in the heart of Downtown Traverse City. Property zoned C4-C allowing for maximum height and density. Existing building was being used as a micro brewery and could be re-established, turned back to restaurant as hoods, vents and walk in cooler are included. Would make a great office building, retail store or prime for redevelopment as the building lot is 7,392 sq.ft. with minimum setbacks and no parking required.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,500 SF
Building Class
C
Year Built
1956
Price
$1,861,204 CAD
Price Per SF
$531.77 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.17 AC
Zoning
Commercial - Zoned C4C
Parking
8 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-794-078-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $811,771 CAD |
Property Taxes
Parcel Number
51-794-078-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$811,771 CAD
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Presented by
Twin Bay Properties, Llc
120 S Park St
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