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542 W Front Street

Traverse City, MI 49684
  • $899,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 1906823
UPDATED: 68 min ago
$899,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,394
    SQFT
  • $376
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

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.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-01-26T22:52:13.567.
www.housestraversecity.com/homes/135089100
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542 W Front Street Traverse City, MI 49684

  • Price: $899,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 68 min ago
  • MLS #: 1906823
0
Beds
1
Baths
0
½ Baths
0.1
Acres
2,394
SQFT
$376
$/SQFT
1955
Built
Neighborhood:
N/A
County:
Grand Traverse
Area:
Grand Traverse
Property Description
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.
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 No 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/WineFoodLiquorTobacco 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 1031 ExchangeCashCommercial LoanConventional Mortgage 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 CommercialRestaurant/FoodRetail

Listing information © 2023 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Hsj Investments: 231-968-1234.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-01-26T22:52:13.567.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684