Traverse City, MI Restaurants for Sale

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Grawn, MI Cedar, MI Williamsburg, MI

6 properties

Updated: Sep 15, 2025

Four-Season Resort in Traverse City

6841 Brown Bridge Road, Traverse City, MI 49696

$3,500,000

10,404 sqft · 40.00 AC lot

40‑acre resort in the Boardman Valley along the Boardman River with 1,300 ft of private river frontage
15 motel units plus a private house
Full‑service restaurant with seating for 147 guests and liquor license
Event and group spaces include a 55‑person meeting room and a pavilion/game room for 113 people
25 campsites with restroom/shower buildings and a canoe, kayak, and inner‑tube livery

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Updated: Dec 11, 2024

Downtown Redevelopment Parcel with Building

120 Park Street, Traverse City, MI 49684

$1,350,000

3,500 sqft · 0.17 AC lot

Downtown Traverse City development parcel with zoning C4‑C allowing for maximum height and density
Existing building previously used as a micro brewery; could be re‑established or converted back to a restaurant
Restaurant‑ready components included: hoods, vents, and a walk‑in cooler
7,392 sq. ft. building lot with minimum setbacks; no parking required
Block construction with steel elements; membrane roof

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Restaurant-Bar with Rooftop Deck

423 S Union Street Unit North Ad, Traverse City, MI 49684

$725,000

1,206 sqft

North addition restaurant/bar space with rooftop deck and outdoor seating, with potential to create a separate parcel.

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Corner Office and Restaurant Building

12930 S West Bay Shore Dr, Traverse City, MI 49684

$1,695,000

Fully furnished corner building with a renovated restaurant main floor and multi-office occupancy upstairs.

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Commercial

Traverse City, MI 49684

$1,695,000

Mixed-use properties

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Historic Mixed-Use Building Near West Bay

601 Randolph St, Traverse City, MI 49684

$1,400,000

Unique mixed-use property in prime location near shopping and dining.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Roadside Restaurant and Outdoor Bar

116 W Wexford Avenue, Buckley, MI 49620

$550,000

2,765 sqft · 1.66 AC lot

Turn-key bar and restaurant with a production kitchen and large outdoor bar seating for events and live music.

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Scandinavian-Inspired Resort and Cottages

5961 E Oslo Street, Williamsburg, MI 49690

$12,900,000

1,780 sqft · 18.16 AC lot

Resort with completed rental cottages, a leased restaurant, event space, and a visitor center tied into the TART Trail.

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Redevelopment Car Wash and Retail Site

4220 E M 72, Williamsburg, MI 49690

$795,000

1.59 AC lot

1.59-acre commercially zoned parcel with an existing 1998 car wash facility for demolition and redevelopment near US-31 and M-72.

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Established Buckley Roadside Bar Business

116 W Wexford Ave, Buckley, MI 49620

$550,000

2,765 sqft

Turn-key bar and restaurant with expansion potential in Buckley, MI.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Development Land Parcel

1026-1028 E Front Street, Traverse City, MI 49686

$399,000

0.38 AC lot

Zoned commercial parcel with two separate lots, positioned along a major east-west corridor for flexible development planning.

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Commercial Development Parcel with Office

1040 E Front Street, Traverse City, MI 49686

$1,148,000

1,864 sqft · 0.63 AC lot

0.63-acre parcel with two vacant lots and an existing office building, offering flexible options for development or reuse.

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Commercial Land with Existing Office Building

1040 E Front Street, Traverse City, MI 49686

$1,148,000

0.63 AC lot

Three-lot commercial parcel with an existing office building, positioned on US-31 for flexible development planning.

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Corner Commercial Development Land

1054-1060 E Front Street, Traverse City, MI 49686

$2,650,000

3,726 sqft · 1.24 AC lot

C-3 zoned corner parcel at a major US-31 and Garfield Road intersection with flexible development parameters.

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Off-Market Properties in Traverse City, MI

Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

129 Un St, Traverse City, MI 49684-2519

Value Estimation by Request

3,120 sqft · 0.06 AC lot

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RESTAURANT

1500 Us Hwy 31st N, Traverse City, MI 49686-3740

Value Estimation by Request

3,689 sqft · 0.88 AC lot

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RESTAURANT

1238 Garfield Ave, Traverse City, MI 49686-4331

Value Estimation by Request

3,815 sqft · 0.66 AC lot

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Restaurants

123 Front St, Traverse City, MI 49684

Value Estimation by Request

3,520 sqft

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DRIVE-THRU RESTAURANT, FAST FOOD

1249 Woodmere Ave, Traverse City, MI 49686-4249

Value Estimation by Request

5,984 sqft · 0.47 AC lot

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RESTAURANT

115 Wellington St, Traverse City, MI 49686-2666

Value Estimation by Request

1,784 sqft · 0.09 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2504 Us Hwy 31st N, Traverse City, MI 49686-3761

Value Estimation by Request

5,839 sqft · 1.24 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2700 Us Hwy 31st S, Traverse City, MI 49684-4527

Value Estimation by Request

5,210 sqft · 2.11 AC lot

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RESTAURANT

2455 Us Hwy 31st S, Traverse City, MI 49684-4520

Value Estimation by Request

7,309 sqft · 4.61 AC lot

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RESTAURANT

3050 Us Hwy 31st S, Traverse City, MI 49684-4533

Value Estimation by Request

3,182 sqft · 1.09 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

1764 Us Hwy 31st N, Traverse City, MI 49686-3744

Value Estimation by Request

1,656 sqft · 1.45 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

873 Us Hwy 31st S, Traverse City, MI 49685-8716

Value Estimation by Request

2,599 sqft · 1.01 AC lot

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RESTAURANT

3828 Us Hwy 31st S, Traverse City, MI 49684-4445

Value Estimation by Request

4,474 sqft · 2.39 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2030 Us Hwy 31st N, Traverse City, MI 49686-3750

Value Estimation by Request

2,016 sqft · 0.64 AC lot

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RESTAURANT

1964 Us Hwy 31st N, Traverse City, MI 49686-3748

Value Estimation by Request

5,120 sqft · 2.01 AC lot

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RESTAURANT

2384 Us Hwy 31st S, Traverse City, MI 49684-4548

Value Estimation by Request

5,519 sqft · 4.31 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

3606 Us Hwy 31st S, Traverse City, MI 49684-4441

Value Estimation by Request

3,388 sqft · 1.90 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

101 Us Hwy 31st S, Traverse City, MI 49685-8092

Value Estimation by Request

4,414 sqft · 3.45 AC lot

View details

Traverse City, MI Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Traverse City, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 123,474 square feet of properties for sale, with an estimated market value of $18,648,400.

Sale prices for restaurant properties in Traverse City, MI start at $725,000, averaging $3,108,066, and reaching up to $11,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 78K

Population Growth (5Y) -35.5%

Median Household Income $78,889

College Educated 59.4%

High-Yield Neighborhoods for Investment

Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49684	$1.2M
49696	$3.5M
49686	$6.2M

Taxes & Financing

Tax Rate (average for all types) 4.34%

Property Tax per SF $71.64 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Grand Traverse County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Grand Traverse County

Office

Property Size Breakdown

The majority of commercial real estate listings in Traverse City fall within the 2,500 to 5,000 square foot range.

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Traverse City, MI Restaurants for Sale

6841 Brown Bridge Road, Traverse City, MI 49696

120 Park Street, Traverse City, MI 49684

423 S Union Street Unit North Ad, Traverse City, MI 49684

12930 S West Bay Shore Dr, Traverse City, MI 49684

Traverse City, MI 49684

601 Randolph St, Traverse City, MI 49684

Opportunities in Nearby Cities

116 W Wexford Avenue, Buckley, MI 49620

5961 E Oslo Street, Williamsburg, MI 49690

4220 E M 72, Williamsburg, MI 49690

116 W Wexford Ave, Buckley, MI 49620

Potential Development Sites for Consideration

1026-1028 E Front Street, Traverse City, MI 49686

1040 E Front Street, Traverse City, MI 49686

1040 E Front Street, Traverse City, MI 49686

1054-1060 E Front Street, Traverse City, MI 49686

Off-Market Properties in Traverse City, MI

129 Un St, Traverse City, MI 49684-2519

1500 Us Hwy 31st N, Traverse City, MI 49686-3740

1238 Garfield Ave, Traverse City, MI 49686-4331

123 Front St, Traverse City, MI 49684

1249 Woodmere Ave, Traverse City, MI 49686-4249

115 Wellington St, Traverse City, MI 49686-2666

2504 Us Hwy 31st N, Traverse City, MI 49686-3761

2700 Us Hwy 31st S, Traverse City, MI 49684-4527

2455 Us Hwy 31st S, Traverse City, MI 49684-4520

3050 Us Hwy 31st S, Traverse City, MI 49684-4533

1764 Us Hwy 31st N, Traverse City, MI 49686-3744

873 Us Hwy 31st S, Traverse City, MI 49685-8716

3828 Us Hwy 31st S, Traverse City, MI 49684-4445

2030 Us Hwy 31st N, Traverse City, MI 49686-3750

1964 Us Hwy 31st N, Traverse City, MI 49686-3748

2384 Us Hwy 31st S, Traverse City, MI 49684-4548

3606 Us Hwy 31st S, Traverse City, MI 49684-4441

101 Us Hwy 31st S, Traverse City, MI 49685-8092

Traverse City, MI Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Property Size Breakdown

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