127 Union Street

Traverse City, MI 49684

$800,000

MLS #1868521

Description

BUSINESS ONLY! A rare opportunity to take over a restaurant in Downtown Traverse City. This historic brick building is in the heart of downtown Traverse City on the busiest block on Union Street. The space was completely remodeled in 2010 for restaurant use with upgrades including floor reinforcement, new electric, plumbing, kitchen, ceilings, bathrooms (2 customer & 1 in basement for employees), windows, drywall, lighting, doors, etc. And then in 2019 new fryers, a whiskey cabinet, a jukebox, TVs, an ATM and more. The restaurant seats 80 inside and 12 more outdoors. Lease includes 2,200 sq ft on the main floor and 2,300 sq ft basement with most of major equipment included, such as the bar, tables, walk-in cooler, stove, freezer, bar coolers, and more. Also includes use of tavern license. Modified gross lease where tenant pays utilities.


Overview

Sale or Lease: For Sale

Business Included: Yes

Real Estate Included: Yes

Square Footage: 4500 sqft

Acres: 0.06 acres

Township: Traverse City

County: Grand Traverse


Features

Business Type: Restaurant/Food Service, Bar

Location: Inside Lot

Included in Lease: Building Insurance, Exterior Maintenance, Management Fee, Tax

Zoning: Retail, Commercial, Restaurant/Food

Thomas Krause

Krause Realty Solutions 231-357-2040 tom@krauserealestate.com