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1764-1818 US-31 N - Attention restaurateurs & hotel developers! Prime, high-visibility, commercial property located on Traverse City's thriving east side. 300' of highly trafficked frontage now available consisting of two parcels of record. Parcel one includes the former Ruby Tuesday restaurant with 1.4 acres and ample parking featuring: approx 220 seats; waiting area; salad bar; 2 large walk-ins; dishwasher; private office; banquet dining area; and outdoor seating on deck. Parcel two currently houses The Swan's Nest novelty store and sits on 0.8 acres. The two parcels combined with flexible zoning will afford a multitude of possibilities for the smart investor. Located across the street from East Grand Traverse Bay and minutes to Grand Traverse Resort, public beaches, downtown Traverse City, and all local attractions.

Listing information

  • MLS® ID: 1869554
  • Status: Active
  • New Construction: No
  • Lot Area: 2.20 Acres
  • Style: Restaurant/Food/Hospitality
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 300x330
  • Year Built: 1982
  • Parking Type Description: Surface / Paved 100 cars
  • Total Square Footage: 6,043 ($413.70 per sq. foot)
  • County: Grand Traverse

Features

Business Incl No
CONSTRUCTION Brick, Frame, Steel
Deeded Waterfront No
DOCUMENTS ON FILE Agency Disclosure
ECO Features No
ENERGY EFFICIENT Not Applicable
EXTERIOR FEATURES Aluminum, Brick, Steel
EXTRAS Phone System, Security System
FOUNDATION Slab
HEATING/COOLING SOURCE Mutiple Units, Natural Gas
HEATING/COOLING TYPE Central Air, Forced Air
Inventory Incl Yes
LICENSES Other
LOCATION Freestanding
Other Business Name - Ruby Tuesday, Development Name - Metes & Bounds
PARKING Parking Lot, Paved
POSSESSION Negotiable
PRESENT USE Bar, Restaurant/Food Service, Retail Store
Real Estate Incl Yes
RENEWABLE Not Applicable
ROAD Blacktop, Public Maintained
ROOF Metal/Steel
SEWER Municipal
TERMS Cash, Commercial Loan
UNIVS DESIGN/BARRIER FREE Covered Entrance, Extra Wide Hallways, Grab Bars, Main Floor Access, No Steps Entry, Raised Toilet, Ramped Entrance, Widened Doors
Vacant Land No
WATER Municipal Water
WATER CONSERVATION Not Applicable
ZONING Commercial, Motel/Hotel, Restaurant/Food, Retail
Listing Courtesy of Mark Hagan of Coldwell Banker Schmidt-402 402 E Front Street Traverse City Mi 49686