For Sale
738 S Garfield Avenue, Traverse City, MI 49686
$775,000
MLS # 20261008830 (Realcomp)
Built 19810.56 acres
1 / 18
Listing Description
Real Estate Only for sale. Sale does not include the business of the Traverse City Comedy Club and the Grand Traverse Event Center. Businesses will be moving to new location. Purchase of Grand Traverse Event Center business is possible, but not the Traverse City Comedy Club. Purchaser will be required to enter into a non-compete that it will not offer comedy at the location for a period of 12 months.Price includes only real estate & FF&E. Purchase of liquor license is available for an additional $150,000. Liquor license will not be sold without the sale of the building. If purchaser acquires liquor license, purchaser shall be required to purchase all wine and liquor on premises at the time of closing.Sale of real estate includes the sale of all FF&E, except for any FF&E that is specific to the Traverse City Comedy Club (i.e., signage, glassware, souvenirs).Seller is related to a licensed real estate salesperson in the State of Michigan.Land contract may be available. Down payment requirement, interest rate, maturity, and other terms will be determined by the quality of the offer. For seller financing, a down payment of no less than 20 percent is required. Interest rate may be below market.All information available comes from public records. Purchasers should verify the accuracy of any information or omissions.
Source: SparkMLS
About this home
Asking $775,000.
Annual property taxes run approximately $22,918 ($1,910/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.56 acres
Year Built1981
Location
CityTraverse City
MunicipalityTraverse City
Zip Code49686
CountyGrand Traverse County
School DistrictTraverse City
Construction & Systems
WaterPublic
Sale & Financing
Listed2/24/2026
Source: SparkMLS
Tax Information
Annual Tax$22,918
Parcel #285111109300
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Stuart Lazar
In Rhodes Realty
Frequently Asked Questions about 738 S Garfield Avenue, Traverse City, MI 49686
What school district is 738 S Garfield Avenue, Traverse City, MI 49686 in?
Per MLS# 20261008830, this property is served by Traverse City. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261008830, the most recent reported annual property tax for 738 S Garfield Avenue, Traverse City, MI 49686 is $22,918. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 738 S Garfield Avenue, Traverse City, MI 49686 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 738 S Garfield Avenue, Traverse City, MI 49686 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Traverse City Light & Power. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Traverse City police department or the Grand Traverse County County sheriff's office.
Map
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Monthly payment$5,027
Principal & interest$5,027
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Traverse City Light & Power
Municipal
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
738 S Garfield Avenue, Traverse City, MI 49686
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Municipality
Traverse City
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