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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
  • 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
  • Property ID: 104222590
  • Status: Active
  • New Construction: No
  • Lot Area: 2.20 Acres

Features

Business Incl No
CONSTRUCTION Steel, Frame, Brick
Deeded Waterfront No
DOCUMENTS ON FILE Agency Disclosure
ECO Features No
ENERGY EFFICIENT Not Applicable
Exterior Features Steel, Brick, Aluminum
Extras Security System, Phone System
FOUNDATION Slab
HEATING/COOLING SOURCE Natural Gas, Mutiple Units
HEATING/COOLING TYPE Forced Air, Central Air
Inventory Incl Yes
LICENSES Other
LOCATION Freestanding
Other Development Name - Metes & Bounds, Business Name - Ruby Tuesday
Parking Paved, Parking Lot
Possession Negotiable
PRESENT USE Retail Store, Restaurant/Food Service, Bar
Real Estate Incl Yes
RENEWABLE Not Applicable
ROAD Public Maintained, Blacktop
Roof Metal/Steel
Terms Commercial Loan, Cash
UNIVS DESIGN/BARRIER FREE Widened Doors, Ramped Entrance, Raised Toilet, No Steps Entry, Main Floor Access, Grab Bars, Extra Wide Hallways, Covered Entrance
Utilities / Sewer Municipal
Vacant Land No
Water Municipal Water
WATER CONSERVATION Not Applicable
ZONING Retail, Restaurant/Food, Motel/Hotel, Commercial
Listed by Mark Hagan of Coldwell Banker Schmidt REALTORS 231-922-2350