MLS # 1946839 (Northern Great Lakes REALTORS® MLS)
Amazing opportunity for a small restauranteur or bar owner in Traverse City's Old Town neighborhood. This is the north addition built in 2009 to be split off from rest of property (subject to approval). This listing includes 17 x 165' of the property which has a 1200 SF restaurant/bar/retail area with a rooftop deck and bar. There is also outdoor seating in front of the building and an overhead door to open the building to the outside. Great opportunity for a small footprint with lots of outdoor seating capacity in the summer months. Owner will fire separate from the original Blue Tractor restaurant and move gate in back parking lot so that this can be its own tax parcel. New owner will be responsible for running utilities and plumbing and building out kitchen and bathrooms as needed, to the newly created parcel. Adjacent to the Old Town parking deck for plenty of parking capacity.
Source: SparkMLS
Asking $725,000.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
partial from tax record: LOT 21 EXC S 0.9 FT & LOT 22 & LOT 23 BLOCK 5 HANNAH LAY & CO'S 1ST ADD. 2002 SPLIT RETIRED 618
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Daniel J Stiebel
Coldwell Banker Schmidt Traverse City
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Traverse City Light & Power
Municipal
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
423 S Union Street, Traverse City, MI 49684
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Municipality
Traverse City
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