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    120 Park St Traverse City, MI 49684

    For Lease
    $7,438 /Mo ($25 SF/Yr)

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

    Property size:
    3,500 SF
    Lot size:
    0.17 Acres
    Days on Market:
    174
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 120 Park St

    General Information

    Property type
    Commercial Lease
    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 16, 2025

    MLS# 1930457 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 Commercial Building

    Located in downtown Traverse City, this 3,500 square foot commercial building on a 0.17-acre lot is zoned for commercial use. The existing building was previously used as a micro brewery and could be re-established. It could also be converted back to a restaurant, as hoods, vents, and a walk-in cooler are included. Alternative uses include a retail store or commercial office. The property is located in Grand Traverse County, Michigan.
    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.

    Similar Places Nearby

    Cousin Jenny's Cornish Pasties, Forrest, A Food Studio and Private Chef, Cordwood BBQ, Across the Board Provisions

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.618406959869
    Latitude
    44.763335300516

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    FAQs

    What type of property is this?
    Restaurant - Versatile commercial building in downtown Traverse City, suitable for various uses.
    Where is this restaurant located?
    The property is located at 120 Park St Traverse City, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Traverse City location.; - Existing infrastructure for a microbrewery or restaurant includes hoods, vents, and a walk-in cooler.; - Versatile space suitable for retail or commercial office use.
    (231) 357-7800
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    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
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