851 Garfield AveTraverse City, MI 49686

For Sale
$995,000
Prime Location, 5,133 SF, Liquor License

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 5,133-square-foot commercial property, located at 851 S Garfield Ave in Traverse City, Michigan, presents a lucrative investment opportunity. Situated in a thriving strip mall complex, this restaurant and bar boasts a prime location with high visibility, averaging 21,000 cars daily. Its proximity to the airport, sports venues, and new housing developments ensures consistent traffic and a strong customer base. The property features a fully equipped kitchen, ample seating with booths, tables, and chairs, a dedicated bar area, a banquet space, and an outdoor patio, accommodating up to 190 patrons. The sale includes a valuable Class C liquor license. Built in 1978, the building sits on a 0.44-acre lot with 75 parking spaces. Permitted zoning is Commercial Restaurant/Food, allowing for diverse uses including microbreweries, amusement/recreation, medical services, and more. The asking price is $995,000 ($193.84/sq ft). The APN is 28-51-480-010-00. A virtual tour is available. This is a turnkey operation ready for a new owner to capitalize on its established success and prime location. The property is privately owned.

Highlights

  • High-traffic location with excellent visibility.
  • Recently renovated with modern finishes and updated systems.
  • Ample parking available for tenants and customers.
  • Flexible floor plan adaptable to various business needs.
  • Competitive lease rates in a desirable market.

Property Details for 851 Garfield Ave

Property type
Retail properties, Bars
Square Feet
5,133 SF
Year Built
1978
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Traverse City
County
Grand Traverse
State
Michigan
Latitude
44.7516517
Longitude
-85.5945515
851 Garfield Ave, Traverse City, Michigan

FAQs

What type of property is this?
Retail property - Prime Location, 5,133 SF, Liquor License
Where is the retail property located?
The property is located at 851 Garfield Ave Traverse City, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High-traffic location with excellent visibility.; Recently renovated with modern finishes and updated systems.; Ample parking available for tenants and customers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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851 Garfield Ave
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