Property profile

120 Park St Traverse City, MI 49684

FOR SALE
Bars & Pubs
Property ID
US43-2146124
3,500 SF 0.17 ac lot Built 1956
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is a downtown Traverse City development parcel that includes an existing building that was previously used as a micro brewery. The interior and utility infrastructure support potential re-establishment of brewery operations, and the space also has the capability to be converted back to restaurant use, with hoods, vents, and a walk-in cooler included; the layout can additionally be adapted for office or retail use subject to tenant and permitting requirements. The site is zoned C4-C, which permits greater maximum height and density, and it includes a 7,392-square-foot building lot with minimum setback requirements. Parking requirements are not indicated as part of the site’s governing conditions, and the property’s configuration allows for multiple redevelopment approaches, including maintaining the existing building footprint or redesigning within zoning parameters.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1956
Total area 3,500 SF
Lot 0.17 ac (7,449 SF)
APN 51-794-078-00
UPID US43-2146124

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Specialty Food Shop
  • Production Facility Brewery & Distillery

Location

120 Park St Traverse City, MI 49684
Traverse City metro Census 551200 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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