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120 S Park St 3,500 SF Retail Building Traverse City, MI 49684 $1,350,000 ($385.71/SF)
EXECUTIVE SUMMARY
Spectacular development parcel located in the heart of Downtown Traverse City. Property zoned C4-C allowing for maximum height and density. Existing building was being used as a micro brewery and could be re-established, turned back to restaurant as hoods, vents and walk in cooler are included. Would make a great office building, retail store or prime for redevelopment as the building lot is 7,392 sq.ft. with minimum setbacks and no parking required.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,500 SF
Building Class
C
Year Built
1956
Price
$1,350,000
Price Per SF
$385.71
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.17 AC
Zoning
Commercial - Zoned C4C
Parking
8 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 51-794-078-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $591,200 |
PROPERTY TAXES
Parcel Number
51-794-078-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$591,200
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Presented by
Twin Bay Properties, Llc
120 S Park St
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