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851 S Garfield Avenue

Traverse City, MI 49686
  • $1,095,000
  • STATUS: Active
  • ON SITE: 330 Days
  • MLS #: 1909625
UPDATED: 17 min ago
$1,095,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 5,133
    SQFT
  • $213
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1978
County:

School Ratings & Info

Description

Have you always dreamed about opening your own restaurant with a banquet space? Or are you a current restaurant owner who is looking to expand your current location or add an additional location? This property is located in a bustling strip mall complex, close to the airport, sports venues, solid year-round residential customers high and traffic within the complex seeing an average 21,000 cars passing by every day. It boasts over 5,100 square feet of space, making it perfect for large events or busy crowds. Inside, you'll find a fully equipped kitchen ready for you to cook up a storm using all the kitchen equipment that comes with the sale of the building. Plus, all the booths, tables, and chairs are included as well. But the real highlight? The class C liquor license that allows you to serve all your favorite drinks alongside your delicious meals. With a capacity of 190 people, divided into four main areas: the bar area, main restaurant area, brand-new patio, and a spacious banquet room. This potential banquet room is 22'x51' and is divisible with a curtain and can accommodate business and personal gatherings of 20-100 people, making it a great source of additional income. Outside, the brand-new patio seating area is the perfect spot for your customers to soak up some sun and enjoying the fresh summer air while they savor your delicious cooking and sip on a refreshing cold drink. The business elements (liquor license, kitchen equipment and furniture) are valued at $275,000. The real estate is valued at $900,000.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-03-02T11:52:44.427.
www.brickcorbett.com/homes/138330415
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851 S Garfield Avenue Traverse City, MI 49686

  • Price: $1,095,000
  • Status: Active
  • On Site: 330 Days
  • Updated: 17 min ago
  • MLS #: 1909625
0
Beds
3
Baths
0
½ Baths
0.44
Acres
5,133
SQFT
$213
$/SQFT
1978
Built
Neighborhood:
Bach Shops Condominiums
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Have you always dreamed about opening your own restaurant with a banquet space? Or are you a current restaurant owner who is looking to expand your current location or add an additional location? This property is located in a bustling strip mall complex, close to the airport, sports venues, solid year-round residential customers high and traffic within the complex seeing an average 21,000 cars passing by every day. It boasts over 5,100 square feet of space, making it perfect for large events or busy crowds. Inside, you'll find a fully equipped kitchen ready for you to cook up a storm using all the kitchen equipment that comes with the sale of the building. Plus, all the booths, tables, and chairs are included as well. But the real highlight? The class C liquor license that allows you to serve all your favorite drinks alongside your delicious meals. With a capacity of 190 people, divided into four main areas: the bar area, main restaurant area, brand-new patio, and a spacious banquet room. This potential banquet room is 22'x51' and is divisible with a curtain and can accommodate business and personal gatherings of 20-100 people, making it a great source of additional income. Outside, the brand-new patio seating area is the perfect spot for your customers to soak up some sun and enjoying the fresh summer air while they savor your delicious cooking and sip on a refreshing cold drink. The business elements (liquor license, kitchen equipment and furniture) are valued at $275,000. The real estate is valued at $900,000.
Exterior Features

Construction Frame Exterior Features BrickBlockSteel Foundation Slab Lot Dimensions 385 x 297 Parking PavedParking LotShopping Center Parking Spaces 75 Road Public MaintainedBlacktop Roof Membrane

Interior Features

Heating Cooling Type Forced AirCentral Air

Property Features

Business Incl No Business Name Your Business Here Deeded Waterfront No Documents On File Furniture & FixturesLiquor LicenseOther Eco Features No Extras Furniture/FixturesOther Heating Cooling Source Natural Gas Included In Lease None Inventory Incl Yes Licenses LiquorBeer/WineOther Listing Agreement Type Exclusive Right to Sell Location Corner LotShopping Center Possession At Closing Present Use Restaurant/Food ServiceBar Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 2 Sewer Municipal Terms Commercial LoanCash Township Traverse City Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free No Steps EntryCovered Entrance Vacant Land No Water Municipal Water Zoning CommercialRestaurant/Food

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Traverse Real Estate: 231-590-5091.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-03-02T11:52:44.427.
 
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Brick & Corbett
500 S Union Street
Traverse City MI, 49686