Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    120 Park St Traverse City, MI 49684

    For Sale
    $1,350,000

    Restaurant/Food Service,Medical/Dental,Office Building,Retail Store,Other,Bar

    Property size:
    3,500 SF
    Lot size:
    0.17 Acres
    Days on Market:
    197
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 120 Park St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Basement Y/N
    1
    Size
    3,500 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Building materials
    Block
    Roof type
    Membrane
    Architectural style
    Other

    Twin Bay Properties, LLC (231) 357-7800 [email protected]

    Listing agent David Cutler (231) 357-7800

    Listing date Jun 1, 2025

    MLS# 1929579 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Traverse City Development Parcel

    This spectacular development parcel is located in the heart of Downtown Traverse City. The property is zoned C4-C, allowing for maximum height and density. The existing building, previously used as a micro brewery, could be re-established or converted back to a restaurant, as hoods, vents, and a walk-in cooler are included. The property would also be suitable as an office building or retail store. The building lot is 7,392 square feet, with minimum setbacks and no parking required. The property size is 3,500 square feet and the lot size is 0.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UBrew Homebrew Supply Brewing Supply Store Fresh Coast Beer ... Brewery

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.618422493599
    Latitude
    44.763360662982

    Nearby Similar for Sale

    • $4,240,000
      11,807 SF

      Traverse City Bed & Breakfast

      Legacy property with 9 bedrooms, 15 bathrooms, and carriage house.
      230 Wellington St, Traverse City, MI 49686
      View Details
    • $1,250,000
      5,545 SF

      Traverse City Adult Foster Care

      Adult foster care/nursing home with 12 private bedrooms included.
      5840 Culver Rd, Traverse City, MI 49685
      View Details
    • $3,500,000
      10,404 SF

      Four-Season Resort in Traverse City

      40-acre resort with lodging, dining, recreation, and event hosting.
      6841 Brown Bridge Rd, Traverse City, MI 49696
      View Details
    • $1,890,000
      3,464 SF

      Historic Traverse City Building Opportunity

      Unique property in prime location for business and residential use.
      601 Randolph St, Traverse City, MI 49684
      View Details
    • $1,499,000
      11,486 SF

      Traverse City Medical/Office Building

      11,486 SF medical/office building near Munson Hospital.
      5123 N Royale Dr, Traverse City, MI 49684
      View Details
    • $1,100,000
      3,144 SF

      Three Downtown Traverse City Homes

      Three income-producing properties in downtown Traverse City.
      637 E 8Th St, Traverse City, MI 49686
      View Details

    FAQs

    What type of property is this?
    Brewery - Development parcel in Downtown Traverse City with flexible commercial zoning.
    Where is this brewery located?
    The property is located at 120 Park St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime Downtown Traverse City location.; - Zoned C4-C allowing maximum height and density.; - Building lot is 7,392 sq.ft. with minimum setbacks and no parking required.
    (231) 357-7800
    Request Owner's contact information
    120 Park St Traverse City, MI 49684
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Park St
    Traverse City, MI 49684
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Park St Traverse City, MI 49684
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.