Restaurant Space With Rooftop
For Sale
$725,000
S 423 S Union Street Unit SourceFi, Traverse City, MI 49684
A 2009 addition offers outdoor seating, an overhead door, and flexible restaurant, bar, or retail use.
Property Size1,206 SF
Lot Size0.06 Acres
Price / SF$601.16
Days on Market78
Property Features for S 423 S Union Street Unit SourceFi
General Information
Standard status
Active
Size
1,206 SF
Lot size
0.06 Acres
Property subtype
Industrial
Additional Details
Utilities to Site
No
Patio
Yes
Amenities
overhead door
Central Air
3
17165
Building Details
Year Built
2009
Listing Agency:
(231) 633-0432
Listed By:
Coldwell Banker Schmidt Traverse City
(231) 633-0432
Source:
Xome
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Traverse City
Investment Insights
Based on property information with market context.
This restaurant property is a 2009 addition designed for a compact food, beverage, or retail operation. The space includes a rooftop deck with bar service, exterior seating at the front, and an overhead door that can open the interior to the outdoors. The offering encompasses a portion measuring 17 x 165' and is intended to be separated from the balance of the property, subject to approval.
The property is next to the Old Town parking deck, providing access to substantial nearby parking capacity. The new owner will be responsible for extending utilities and plumbing to the newly created parcel, along with completing kitchen and restroom improvements as needed. The existing layout supports a small-footprint operation with indoor and outdoor components.
The property is next to the Old Town parking deck, providing access to substantial nearby parking capacity. The new owner will be responsible for extending utilities and plumbing to the newly created parcel, along with completing kitchen and restroom improvements as needed. The existing layout supports a small-footprint operation with indoor and outdoor components.
Key Highlights
- 2009 restaurant addition proposed for separation into its own parcel, subject to approval
- 17 x 165' portion of the property
- Rooftop deck with bar
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,191
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 8%
Dining 6%
Apparel 6%
Speedway
Shops & Services
7,650 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,517 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.4 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.5 miles
Rocket Fizz
Groceries
2,403 visits/mo
0.4 miles
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 2009 addition offers outdoor seating, an overhead door, and flexible restaurant, bar, or retail use.
Where is this conventional restaurant located?
The property is located at S 423 S Union Street Unit SourceFi Traverse City, MI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2009 restaurant addition proposed for separation into its own parcel, subject to approval; 17 x 165' portion of the property; Rooftop deck with bar
