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Listed by Real Estate One Gaylord
$5,000,000
Est. payment /mo
2 Baths
11,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,900 sqft
Price per Sqft $420
MLS Listing ID 1950714
Year Built 1996
Lot Size 1.470 Acres
Acres 1.47
Property Sub-Type Retail
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
Interior
Heating Forced Air, Hot Water
Exterior
Waterfront Description Public
Roof Type Other
Total Parking Spaces 47
Garage false
Building
Foundation Poured Concrete
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456