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Listed by Abigail Vannatter • The Mitten Real Estate Group
$ 1,249,000
Est. payment /mo
Price Dropped by $126K
531 W Front Street Traverse City, MI 49686
1,176 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
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 Mixed Use
Property Description
Redevelopment parcel located on the main strip in Traverse City, Michigan. This parcel, zoned C-2, is approved for 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. There is currently a building on site that is an active business.
Location
State MI
County Grand Traverse
Zoning Retail,Commercial,Restaurant/Food
Rooms
Basement None
Interior
Heating None
Cooling None
Exterior
Exterior Feature None
Roof Type None
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