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123 W Front Street , 1B

Traverse City, MI 49684
  • $220,000
  • STATUS: Active
  • ON SITE: 191 Days
  • MLS #: 1894955
UPDATED: 76 min ago
$220,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,500
    SQFT
  • $63
    $/SQFT
Neighborhood:
N/A
Type:
Commercial-Lease
Built:
1937
County:

School Ratings & Info

Description

Unique bar for lease in the heart of downtown Traverse City on Front Street. Thoughtfully remodeled in 2017 with exposed ceilings and beautiful bathrooms. Price includes antique bar, all furnishings, kitchen equipment, downtown liquor license & inventory (subject to MLCC approval). You also get a below market lease through January 2027 which offsets the asking price. Occupancy is 144. Currently has secret entrance behind bookcase as it was last used as a speakeasy. Wall could easily be taken down to provide street front exposure. This is a rare opportunity to get into downtown with many options available for using the space including bar, restaurant, event venue, mixed-use and more.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-05-23T17:52:15.8.
www.housestraversecity.com/homes/123245642
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123 W Front Street , 1B Traverse City, MI 49684

  • Price: $220,000
  • Status: Active
  • On Site: 191 Days
  • Updated: 76 min ago
  • MLS #: 1894955
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,500
SQFT
$63
$/SQFT
1937
Built
Neighborhood:
N/A
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Unique bar for lease in the heart of downtown Traverse City on Front Street. Thoughtfully remodeled in 2017 with exposed ceilings and beautiful bathrooms. Price includes antique bar, all furnishings, kitchen equipment, downtown liquor license & inventory (subject to MLCC approval). You also get a below market lease through January 2027 which offsets the asking price. Occupancy is 144. Currently has secret entrance behind bookcase as it was last used as a speakeasy. Wall could easily be taken down to provide street front exposure. This is a rare opportunity to get into downtown with many options available for using the space including bar, restaurant, event venue, mixed-use and more.
Exterior Features

Construction BlockBrick Exterior Features Brick Foundation Partial Lot Dimensions N/A Parking Street Parking Road BlacktopPublic Maintained Roof Membrane

Interior Features

Heating Cooling Type Central AirForced Air

Property Features

Business Incl Yes Business Name 123 Speakeasy Deeded Waterfront No Documents On File Leases Eco Features No Extras Furniture/Fixtures Heating Cooling Source ElectricNatural Gas Included In Lease Building InsuranceExterior MaintenanceManagement FeeTax Inventory Incl Yes Lease Expires 2027-01-31 Licenses Beer/WineLiquor Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession At ClosingNegotiable Present Use BarRestaurant/Food ServiceRetail Store Real Estate Incl No Sale Or Lease For Sale Sale Rent For Rent Section Number 3 Sewer Municipal Terms CashCommercial Loan Township Traverse City Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free Bathroom SinkGrab Bars Vacant Land No Water Municipal Water Year Remodeled 2016 Zoning CommercialRestaurant/FoodRetail

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt-522: 231-929-2300.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-05-23T17:52:15.8.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684