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127 UNION STREET #1 TRAVERSE CITY, MI 49684 DOWNTOWN CONDO & RESTAURANT EQUIPMENT 1st Floor | 2,200 SF | 2,300 SF Full Basement Dan Stiebel, CCIM Cell: (231) 633-0432 Office: (231) 929-2300 [email protected] 522 E Front St | Traverse City, MI | 49686 WWW.REALESTATETC.COM

Transcript of 127 UNION STREET #1

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127 UNION STREET #1TRAVERSE CITY, MI 49684

DOWNTOWN CONDO & RESTAURANT EQUIPMENT 1st Floor | 2,200 SF | 2,300 SF Full Basement

Dan Stiebel, CCIM Cell: (231) 633-0432 Office: (231) 929-2300 [email protected] 522 E Front St | Traverse City, MI | 49686

WWW.REALESTATETC.COM

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WWW.REALESTATETC.COM

PROPERTY SPECIFICATIONS

127 UNION STREET #1TRAVERSE CITY, MI 49684

Property Type: Retail, Restaurant/Food Zoning: C4c – Regional Center DistrictOpportunities: Restaurant, Bar, Café, Retail Land: 0.06 Acres Building: 1st FL: 2,200 SF & Basement: 2,300 SF Current Use: Restaurant/Bar Parking: Street Parking Year Built:Remodeled / Updated:

19062010 / 2017

Construction: Brick Roof: MembraneBasement: Full Basement: 2,300 SF Bathrooms: 2 Upstairs & 1 in BasementWater: Municipal Water Waste: Municipal SewerUtilities: Electric, Natural Gas Heating/Cooling: Natural Gas Boiler, Forced & Central Air Flooring: Concrete, Tiled Kitchen, Wood Floors in FrontRoad: Public Maintained Blacktop School District: TCAPS Inventory: N/A

Extras: Real Estate & See FFE List Below

LOCATION INFORMATION

Township: Traverse City

County: Grand Traverse

Directions: On Union St between Front St & State St.

PROPERTY DETAILS

A rare opportunity to relocate or start your own restaurant or retail in a historic brick building right in Downtown Traverse City.

OFFERING PRICE

$ 695,000* *Sale Includes:- Real Estate- Restaurant Equipment- Furniture & Fixtures

THE PROPERTY

127 Union Street Traverse City, MI 49684 2,200 SF 0.06 AC

TAX INFORMATION

Tax ID: 28-51-702-005-01

2019 SEV: $233,000

2019 Taxable Value: $190,851

True Cash Value: $466,000

Great Location! Busiest Block on Union Street.

• Real Estate, restaurant equipment, furniture & fixtures includedo Bar, tables, walk-in coolers, stove, freezer, bar coolers

• Completely Remodeled in 2010 for restaurant useo Upgrades: floor reinforcement, new electric, plumbing,

kitchen, ceilings, bathrooms, windows, drywall, lighting,doors

• Restaurant seats 80 inside & 12 more outdoors

• Class C liquor license sold separately

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127 UNION STREET #1TRAVERSE CITY, MI 49684

PROPERTY PHOTOS

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127 UNION STREET #1TRAVERSE CITY, MI 49684

FURNITURE, FIXTURES & EQUIPMENT (FFE)

Refrigeration• 12x8 Walk-in Cooler with Shelving (2018)• 8x6 Walk-in Cooler with Keg Racks (2018)• Glycol Draft System (2018)• Stand-up 2 Door Freezer (2018)• Stand-up 2 Door Cooler (2018)• Stand-up 2 Door Cooler• Stand-up 1 Door Cooler (2018)• 2-Fliptop Line Coolers• 1-Line Chefs Base Cooler (207)• Manitowoc 400 lb. Ice Machine (2018)

Kitchen Equipment• 12’ Hood with MUA• 6 Burner Flat Top Combo Range with Ovens• 2 Fryers (2017)• Flat Top Griddle (on top of chef’s base cooler) (2017)• 2 Burner Stock Pot Range• Dish Machine• 3 Bay Sink• 84” Stainless Dish Table• Multiple Prep Tables• Multiple Metro Racks for Storage• Pot Racks

Bar Equipment• 2 Door Under-counter Bar Cooler• Slide Top Beverage Cooler• 4 Bay Glass Sink• 10 Tap Draft Tower (2018)• Ice Bin with Soda Gun (2017)• Glass Shelving & Metro Rack Bar Storage

Dining Room• Tables, Chairs, Bar Seating, Bar Stools,

Banquets• Outdoor Café Furniture

Other Items Included• Office Furniture• Lockable Liquor Storage• Multiple Extra Storage Shelves• Some Small Wares• Plates, Silverware, Cups

*This list may change at any time

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BUILDING PLAN

UNION STREET

REAR PARKING & ALLEY

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1st Floor 14' Ceilings 2,200 SF
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Basement 12' Ceilings 2,300 SF
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Common Area
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AERIAL PROPERTY MAP

E FRONT STREET

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E STATE STREET

ALLEY

ALLEY

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AERIAL AREA MAP

E STATE STREET

E FRONT STREET

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CONTACT INFORMATION

Dan Stiebel, CCIM Coldwell Banker Commercial Schmidt 522 E. Front Street Traverse City, MI 49686 Phone: (231) 929-2300 Fax: (231) 929-2322 Mobile: (231) 633-0432 [email protected]

Kayla Anderson, Assistant to Dan Stiebel Coldwell Banker Commercial Schmidt522 E. Front Street Traverse City, MI 49686 Phone: (231) 929-2300 Fax: (231) 929-2322 Mobile: (231) 620-8697 [email protected]