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851 S Garfield
Traverse City, MI 49686
Retail Property For Sale
Investment Highlights
- 5,133 sq. ft. building suitable for various uses, including restaurant and medical services
- Includes a fully equipped kitchen, bar area, and outdoor patio
- Centrally located in Traverse City, close to the airport and major sports venues
Executive Summary
If you are looking for a commercial location that is centrally located in Traverse City, in a bustling strip mall complex, close to the airport, sports venues, near multiple new housing complexes, with an average 21,000 cars passing by every day, look no further. The building is 5,133 square feet making it perfect for multiple uses including restaurant, micro brewery, amusement/recreation services, equipment rental, medical services, finance services, pet boarding/grooming, repair services and much more. Inside, you'll find a fully equipped kitchen, booths, tables, chairs, bar area, banquet space and outside patio. This offering does not come with a liquor license, however a class C liquor license is available for an additional $150,000. The building has a capacity of 190 people. Schedule a tour today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,133 SF
Building Class
B
Year Built/Renovated
1976/2004
Price
$1,092,792 CAD
Price Per SF
$212.90 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.63 AC
Zoning
C1 - Commercial
Parking
119 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
1,000’ on Garfield Ave
Amenities
- Restaurant
- Accent Lighting
- Air Conditioning
Property Taxes
| Parcel Number | 51-480-010-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $380,904 CAD |
Property Taxes
Parcel Number
51-480-010-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$380,904 CAD
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