Traverse City, MI Restaurants for Sale

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11 properties

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Updated: Sep 23

Boardman Riverfront Resort

6841 Brown Bridge Road, Traverse City, MI 49696

$2,950,000

10,404 sqft 40.00 AC lot

40‑acre resort with 15 motel units and a private house
Restaurant seats 147 and includes a liquor license
25 campsites with restroom and shower buildings
1,300 feet of private Boardman River frontage
Meeting room for 55 and pavilion/game room for 113

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Updated: Sep 3

Burger King Drive-Through Restaurant

2500 Crossing Circle, Traverse City, MI 49684

$2,000,000

3,618 sqft 1.36 AC lot

3,618‑square‑foot Burger King restaurant on 1.36 acres
New 12‑year triple‑net lease planned at closing
Single‑tenant building with lease backed by franchisee operating locally since 1973
Located in the Grand Traverse Crossing retail corridor
Retail anchors include Walmart, Home Depot, and Grand Traverse Mall

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Four-Season Riverfront Resort

6841 Brown Bridge Road, Traverse City, MI 49696

$3,500,000

10,404 sqft 40.00 AC lot

Multi-use hospitality property combining lodging, dining, recreation, camping, and event facilities in a natural setting.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Riverfront Resort with Lodging

Traverse City, MI 49696

$2,950,000

10,404 sqft 40.00 AC lot

Lodging, dining, camping, recreation, and event facilities operate within a single resort property.

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Historic Mixed-Use Building

601 Randolph Street, Traverse City, MI 49684

$1,400,000

3,250 sqft 0.06 AC lot

Standalone brick property combines commercial space with two one-bedroom apartments.

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Commercial Land with Existing Building

120 Park Street, Traverse City, MI 49684

$1,350,000

3,500 sqft 0.17 AC lot

C4-C zoning allows maximum height and density, with no parking requirement for the site.

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Freestanding KFC Net Lease

311 US Hwy 31 S, Traverse City, MI 49685

$1,193,292

3,179 sqft 1.96 AC lot

Freestanding KFC on a 1.96-acre parcel along US-31, secured by a 20-year triple net lease.

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Entertainment Property in Cherryland Center

1212 W South Airport Rd, Traverse City, MI 49686

$7,500,000

101,386 sqft

High-visibility entertainment property with indoor go-kart track and restaurant.

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Indoor Go-Kart Racing Facility

C-1212 W South Airport Rd, Traverse City, MI 49686

$2,500,000

61,502 sqft

Turnkey indoor go-kart racing operation with electric karts, arcade, and Paddock Lounge restaurant and bar.

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Historic Mixed-Use Building Near West Bay

601 Randolph Street, Traverse City, MI 49684

$1,400,000

3,250 sqft

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

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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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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 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.

Nightclub Property with Liquor License

4621 Rapid City Road NW, Rapid City, MI 49676

$879,000

3,456 sqft 0.55 AC lot

Existing adult entertainment venue with a full basement and on-site parking lot.

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Commercial Land with Existing Car Wash

4220 E M 72, Williamsburg, MI 49690

$795,000

1,330 sqft 1.59 AC lot

Commercially zoned parcel with an operating-style car wash improvement, paved parking, and access near major regional routes.

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Nightclub with Liquor License

4621, Rapid City, MI 49676

$879,000

3,456 sqft

Flexible commercial venue configured for entertainment, dining, gatherings, and event-oriented use.

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Scandinavian-Inspired Resort and Event Center

5961 E Oslo Street, Williamsburg, MI 49690

$12,900,000

1,780 sqft 18.16 AC lot

Resort campus with cottages, hospitality facilities, event space, and approved mixed-use expansion capacity near Grand Traverse Bay.

View details

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.

Corner Commercial Land

Mitten Drive, Traverse City, MI 49686

$1,150,000

1.74 AC lot

Excavation has begun on a corner parcel with access from two roads.

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Retail Space with Parking Lot

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

$2,250,000

3,726 sqft 1.24 AC lot

C-3 Community Center District zoning supports a range of allowable uses and commercial configurations.

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Commercial Land with Office Building

1040 E Front Street, Traverse City, MI 49686

$1,148,000

0.63 AC lot

Three-lot commercial offering with office zoning and an existing office improvement.

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Commercial Land With Existing Office

1040 E Front Street, Traverse City, MI 49686

$1,148,000

1,864 sqft 0.63 AC lot

Three-lot parcel combines vacant land with an existing office building and on-site parking.

View details

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

Estimated value:

$225,000

3,120 sqft 0.06 AC lot

View details

RESTAURANT

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

Estimated value:

$280,000

3,689 sqft 0.88 AC lot

View details

RESTAURANT

1238 Garfield Ave, Traverse City, MI 49686-4331

Estimated value: by Request

3,815 sqft 0.66 AC lot

View details

Restaurants

123 Front St, Traverse City, MI 49684

Estimated value: by Request

3,520 sqft

View details

DRIVE-THRU RESTAURANT, FAST FOOD

1249 Woodmere Ave, Traverse City, MI 49686-4249

Estimated value:

$335,000

5,984 sqft 0.47 AC lot

View details

RESTAURANT

115 Wellington St, Traverse City, MI 49686-2666

Estimated value:

$260,000

1,784 sqft 0.09 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

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

Estimated value:

$550,000

5,839 sqft 1.24 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

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

Estimated value:

$3,070,000

5,210 sqft 2.11 AC lot

View details

RESTAURANT

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

Estimated value:

$540,000

7,309 sqft 4.61 AC lot

View details

RESTAURANT

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

Estimated value:

$1,220,000

3,182 sqft 1.09 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

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

Estimated value:

$730,000

1,656 sqft 1.45 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

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

Estimated value:

$375,000

2,599 sqft 1.01 AC lot

View details

RESTAURANT

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

Estimated value:

$960,000

4,474 sqft 2.39 AC lot

View details

Traverse City, MI Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Traverse City, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 210,897 square feet of properties for sale, with an estimated market value of $28,438,292.

Sale prices for restaurant properties in Traverse City, MI start at $1,193,292, averaging $2,585,299, and reaching up to $7,500,000 — 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
49685	$1.2M
49684	$1.6M
49696	$3.6M
49686	$4.6M

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)

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

2500 Crossing Circle, Traverse City, MI 49684

6841 Brown Bridge Road, Traverse City, MI 49696

Traverse City, MI 49696

601 Randolph Street, Traverse City, MI 49684

120 Park Street, Traverse City, MI 49684

311 US Hwy 31 S, Traverse City, MI 49685

1212 W South Airport Rd, Traverse City, MI 49686

C-1212 W South Airport Rd, Traverse City, MI 49686

601 Randolph Street, Traverse City, MI 49684

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

Opportunities in Nearby Cities

4621 Rapid City Road NW, Rapid City, MI 49676

4220 E M 72, Williamsburg, MI 49690

4621, Rapid City, MI 49676

5961 E Oslo Street, Williamsburg, MI 49690

Potential Development Sites for Consideration

Mitten Drive, Traverse City, MI 49686

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

1040 E Front Street, Traverse City, MI 49686

1040 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

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)

Property Size Breakdown

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