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    17015 Center Rd Traverse City, MI 49686

    Sponsored
    For Sale
    Pending
    $1,300,000

    Restaurant/Food Service,Bar - Traverse City, MI

    Property size:
    4,400 SF
    Lot size:
    3.49 Acres
    Days on Market:
    348
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 17015 Center Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,400 SF
    Lot size
    3.49 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1940
    Roof type
    Asphalt
    Architectural style
    Other

    KEELAN COMMERCIAL GROUP LTD (231) 645-0510 [email protected]

    Listing agent Jerry Keelan (231) 645-0510

    Listing date Jan 23, 2025

    MLS# 1922170 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

    Restaurant, Bar and Gallery Space

    The property, known as Old Mission Tavern, includes a restaurant and a separate gallery where art was produced. The restaurant area measures 4,400 square feet, while the gallery spans 1,260 square feet. The property has a liquor license with Sunday sales. The property is zoned commercial and is situated on a 3.49-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chateau Grand Traverse Hotel Bella Galleria Art Gallery Old Mission Tavern American Restaurant Bartnick Sculpture Studio Art Gallery

    Suggested Use

    Restaurant Hotel & Motel Department Store Discount Store

    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
    -85.505514
    Latitude
    44.936165

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and bar with gallery space in Traverse City.
    Where is this restaurant located?
    The property is located at 17015 Center Rd Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Established restaurant, Old Mission Tavern, with existing business.; - Includes a liquor license with Sunday sales.; - Sizeable restaurant space offering 4,400 sq. ft.
    (231) 645-0510
    Request Owner's contact information
    17015 Center Rd Traverse City, MI 49686
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    Traverse City, MI 49686
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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
    17015 Center Rd Traverse City, MI 49686
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