For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store Specialty Food Shop
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Production Facility Brewery & Distillery
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Traverse City market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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