738 S Garfield Avenue Traverse City, MI $ 775,000
738 S Garfield Avenue
$ 775,000
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738 S Garfield Avenue

Traverse City, MI, 49686
$ 775,000
Bedrooms-- Baths-- Sq 4,040

Monthly Estimate*

$ 4,772

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Commercial Property for sale in Traverse City, MI for $775,000. This 4,040 square foot building was built in 1981 on a lot size of 0.56.

Real Estate Only for sale. Sale does not include the business of the Traverse City Comedy Club and the Grand Traverse Event Center. Businesses will be moving to new location. Purchase of Grand Traverse Event Center business is possible, but not the Traverse City Comedy Club. Purchaser will be required to enter into a non-compete that it will not offer comedy at the location for a period of 12 months. Price includes only real estate & FF&E. Purchase of liquor license is available for an additional $150,000. Liquor license will not be sold without the sale of the building. If purchaser acquires liquor license, purchaser shall be required to purchase all wine and liquor on premises at the time of closing. Sale of real estate includes the sale of all FF&E, except for any FF&E that is specific to the Traverse City Comedy Club (i.e., signage, glassware, souvenirs). Seller is related to a licensed real estate salesperson in the State of Michigan. Land contract may be available. Down payment requirement, interest rate, maturity, and other terms will be determined by the quality of the offer. For seller financing, a down payment of no less than 20 percent is required. Interest rate may be below market. All information available comes from public records. Purchasers should verify the accuracy of any information or omissions.

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Commercial Active

Price

$ 775,000

Property Type

Commercial

Taxes

$ 22,918

Style

RealEstateOnly

Lot Size

0.56

Year Built

1981

Town/City

Traverse City

County/Region

GRANDTRAVERSE

MLS | Web ID

20261008830

Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Concrete
Year Built 1981
Levels OneandOneHalf
Property Subtype RealEstateOnly
Current Use Commercial
Business Type Commercial ProfessionalOffice Retail
Accessibility AccessibleApproachWithRamp
County GrandTraverse
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions On west side of Garfield Avenue between Hannah and Centre Streets. Building is set back from the road. Property is between Comfort Center (to the north) and car wash (to the south).
City TraverseCityCity_GrandTraverse
Senior Community Y/N N
High School District TraverseCity
Zoning Description Commercial
MLS Area Area28042TraverseCity
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 22918.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 425230
Expected Active Date 2026-02-25
Legal Description THT PRT OF LOT 6 SEC 11 T27N R11W DES ASCOM 495 FT (30 RODS) S OF NE COR OF SAIDLOT TH W 330 FT (20 RODS) TH S 82.5 FT (5 RODS) TH E 330 FT (20 RODS) TH N 82.5FT (5 RODS) TO POB EXC E 33 FT THEREOF.
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Exterior
Parking Features OnSite
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 4040.0
Lot Dimensions 82 x 297 x 82 x 297
Lot Size Acres 0.56
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 4040.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 738
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* Excluded Features
List By
Stuart Lazar

Listing Agent

In Rhodes Realty

Broker

(231) 247-0000

Phone

Affordability Calculator

$6,682
Per Month
71%
29%
0%
Monthly Principal & Interest
$4,772
Monthly Property Taxes
$1,910
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909576 Elementary School
4909840 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/25/2026$775,000 Listed Price

Map


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738 S Garfield Avenue, Traverse City, MI, 49686 is a Commercial Property for sale at $775,000 with 4,040 sqft and a lot size of 0.56. 738 S Garfield Avenue was built in 1981. The property's zip code is 49686 which is in Traverse City, MI