Retail-Restaurant-Bar Space

Retail-Commercial for Lease
Catylist Listing ID: 30826838
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 3,520 SF
Gross Building Area: 17,665 SF
Lease Rate: $6,000 (Monthly)
$20.45 PSF (Annual)
Lease Types: Modified Gross
Building Name: Gourdie Fraser
Last Updated: 1/9/2023

Overview / Comments

Prime retail/restaurant/bar space on Front Street between Union & Pine. Last used as a speakeasy, this space was remodeled in 2017 with exposed ceilings, epoxy floors, small commercial kitchen and high end bathrooms. Equipment and antique bar may be available to purchase, but are not included in the lease. Currently has secret entrance behind bookcase, but this faux wall could easily be removed to provide street front exposure and open the space for general retail. This is a rare opportunity to lease at a below market rate for a downtown space with so many possibilities. Landlord pays taxes and common area maintenance and Tenant pays pro-rated share of utilities.

Expand All Available Space

Suite: 1B 3,520 SF $6,000 (Monthly) Modified Gross
Level/Floor: 1
Space Available: 3,520 SF
Lease Rate: $6,000 (Monthly)
$20.45 PSF (Annual)
Lease Type: Modified Gross
Space Description: Prime retail/restaurant/bar space on Front Street between Union & Pine. Last used as a speakeasy, this space was remodeled in 2017 with exposed ceilings, epoxy floors, small commercial kitchen and high end bathrooms. Equipment and antique bar may be available to purchase, but are not included in the lease. Currently has secret entrance behind bookcase, but this faux wall could easily be removed to provide street front exposure and open the space for general retail. This is a rare opportunity to lease at a below market rate for a downtown space with so many possibilities. Landlord pays taxes and common area maintenance and Tenant pays pro-rated share of utilities.
Date Available: 12/1/2022
Space Type: Relet
Kitchen Yes

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-51-794-002-00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Construction/Siding: Brick
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,742 28,118 43,934
Median Age: 40.98 42.78 42.74
Households: 2,205 13,069 19,459
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