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$ 5,000,000
Est. payment | /mo
11,900 SqFt
$ 5,000,000
Est. payment | /mo
11,900 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,900 sqft
Price per Sqft $420
Subdivision Chums Corners
MLS Listing ID 78080073699
Year Built 1996
Lot Size 1.470 Acres
Acres 1.47
Property Description
Prime commercial opportunity in Traverse City. Located on the high-visibility US-31 corridor at 939 US Highway 31 S, GT Liquor offers an established retail footprint serving the greater Grand Traverse region. The operation features a dedicated beer cave, walk-in commercial refrigeration, an extensive selection of spirits and craft beer, specialty barrel picks, and DoorDash delivery. The property also offers dedicated parking and flexible operating hours. Seller reports facility updates completed in 2024. The land and building are offered for $4.5 million. The business is available separately for an additional $500,000, with inventory valued at closing. Business financials are available after execution of a nondisclosure agreement. A gas station may be a potential additional use. Blair Township’s Commercial Manufacturing district allows gasoline filling stations with a special-use permit, subject to township review and approval. Buyers should confirm the parcel’s zoning and the feasibility of their proposed layout directly with Blair Township.
Location
State MI
County Grand Traverse
Area Area28042Traversecity
Interior
Heating Forced Air, Hot Water
Fireplace No
Exterior
Parking Features ParkingLot, Other
View Y/N No
Roof Type Other
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Other, Trade1031Exchange
Listing Terms Cash, Other, Trade1031Exchange
Special Listing Condition Standard
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Listed by Gurpreet Singh of Real Estate One Gaylord
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