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Listed by Abigail Vannatter • The Mitten Real Estate Group
$1,249,000
Est. payment /mo
1,176 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $1,062
Subdivision Mi
MLS Listing ID 1931644
Year Built 1963
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 50x163
Property Sub-Type Hospitality
Property Description
Fully equipped restaurant located on the main strip in Traverse City, Michigan. Previously known is Little G's, this restaurant space seats 36 inside with a garage door leading out to a patio for an expansion of your dining room. Use the patio year round with bistro tables in the summer and heated igloos in the winter. All restaurant equipment included. Redevelopment opportunity: This parcel is approved to redevelop up to 12 units. Engineered plans available upon request. 25% of the future building may be eligible for use as short term rental. Ground floor approved for commercial use. Build residential or remodel the existing building to expand your company to a growing region. This sale does not include the food or liquor license.
Location
State MI
County Grand Traverse
Zoning Retail,Commercial,Restaurant/Food
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature Block
Roof Type Membrane
Present Use Restaurant/Food Service
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 28-51-654-017-00
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Cash, 1031 Exchange
Listing Terms Conventional Mortgage, Cash, 1031 Exchange
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