542 W Front Street

Traverse City, MI, 49684

$899,000

$375 per ft²
$899,000
$375 per ft²
Active
Active
 - For Sale
carpenters-square
2,394 ft²
property_type
Commercial
calendar
Built 1955
Great opportunity to purchase a fabulous building at a great corner on West Front Street. This listing is for real estate only. Present location has the history of being a liquor store for approximately six decades -- and was the first in the area to offer lottery (locals remember when lines would form on big jackpot days). The listing includes the parcel at 542 West Front Street, which includes the existing building, as well as a separate designated 118 N Maple. The second lot can be used for excess parking or can be (with City consent) combined with the primary parcel in expanding the footprint of the existing building (or building a new structure). The current owner has had preliminary discussions with the City about demolishing the existing structure and replacing it with a mixed commercial/residential 4-story building. Property is zoned C-2. Seller is willing to entertain a land contract with 25%-30% down, for 3-5 years, at a below interest rate dependent on the overall offer. Seller is a licensed real estate agent in the State of Michigan.
MLS® ID:
1906823
Listed:
11/21/22
Updated:
3/29/23

Exterior/Building Features

Lot Size
4,356 ft² lot
Exterior Features
Wood
Roof
Membrane
Sewer
Municipal

Other Property Details

Area Name
Grand Traverse
Garage
Yes
Parking
Common, Parking Lot
View
N
County
Grand Traverse
Water Source
Municipal Water
Pool
No
Zoning
Commercial,Restaurant/Food,Retail

 

Courtesy of HSJ Investments -  

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