912 W Front St

912 W Front St Traverse City, MI 49684

912 W Front St, Traverse City, MI, 49684
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FOR SALE
Property Type:
Street Retail
Amount:
$2,575,000
Last Verified:
Mar 22, 2024

Highlights

  • Close proximity to downtown Traverse City
  • Licensed Short-Term Rentals
  • Turnkey business opportunity

Description

Built in 2020, is a remarkable 6,969 SF mixed use building currently for sale in the charming Slabtown neighborhood. This unique property combines a well-established street level liquor store business (4,000 SF) and two luxury 2-bed, 2-bath short-term rentals on the second floor, each approximately 1,300 SF. Seller is open to selling the upper and lower levels separately. These immaculate living spaces feature all the modern amenities, including spacious covered patios that offer residents a peaceful escape. It is surrounded by a lively mix of businesses, including Slabtown Burger, Loco Boys Brew Pub, a pizzeria and other shopping opportunities. Within three blocks you will find The Commons, Tart Trail and West End Beach on Grand Traverse Bay. This is a fantastic investment opportunity to operate a local business and own income producing real estate, all in a live-work scenario.

North side of Front St between N Elmwood St and N Spruce St.


Year Built: 2020
Building Size: 6969sq ft
Lot Size: 0.1 acres


Documents

Sale Brochure


Map of 912 W Front St, Traverse City, MI, 49684

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.