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542 W Front Street

Traverse City, MI 49684
  • $1,250,000
  • STATUS: Active
  • ON SITE: 2 Days
  • MLS #: 1901481
New On Site 2 Days Ago
UPDATED: 42 min ago
$1,250,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,394
    SQFT
  • $522
    $/SQFT
Neighborhood:
.
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

Incredible opportunity to purchase an established liquor store in a central location. 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). Current owner has expanded the liquor collection, and now the store has a statewide reputation with Facebook bourbon groups for being the place to go in Traverse City for whiskeys, bourbons, ryes, and scotches. Store needs a hands-on owner-manager with ideas for food to bring the business to a largely profitable venture. For sale are the building (and a separate parcel at 118. N. Maple) and all licenses and equipment. Buyer must purchase inventory at closing at MLCC prices. Willing to sell property only for an attractive offer. Seller is a licensed real estate agent in the State of Michigan.

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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: 2022-06-24T20:52:34.697.
www.housestraversecity.com/homes/130080248
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542 W Front Street Traverse City, MI 49684

  • Price: $1,250,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 42 min ago
  • MLS #: 1901481
0
Beds
1
Baths
0
½ Baths
0.1
Acres
2,394
SQFT
$522
$/SQFT
1955
Built
Neighborhood:
.
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Incredible opportunity to purchase an established liquor store in a central location. 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). Current owner has expanded the liquor collection, and now the store has a statewide reputation with Facebook bourbon groups for being the place to go in Traverse City for whiskeys, bourbons, ryes, and scotches. Store needs a hands-on owner-manager with ideas for food to bring the business to a largely profitable venture. For sale are the building (and a separate parcel at 118. N. Maple) and all licenses and equipment. Buyer must purchase inventory at closing at MLCC prices. Willing to sell property only for an attractive offer. Seller is a licensed real estate agent in the State of Michigan.
Exterior Features

Construction BrickTimber Frame Exterior Features Wood Foundation Slab Lot Dimensions 27X165 Parking CommonParking Lot Parking Spaces 7 Road Public Maintained Roof Membrane

Interior Features

Heating Cooling Type Forced Air

Property Features

Business Incl Yes Business Name Front Street Liquor Deeded Waterfront No Documents On File None Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses Beer/WineFoodLiquor Listing Agreement Type Exclusive Right To Sell Location Corner LotFreestanding Possession At Closing Present Use Convenience Store Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 5 Sewer Municipal Terms Conventional MortgageCommercial LoanCash1031 Exchange Township Traverse City Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Municipal Water Year Remodeled 2016 Zoning RetailCommercialRestaurant/Food

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Hsj Investments, Inc: 248-586-9700.



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: 2022-06-24T20:52:34.697.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684