939 S US-31 Traverse City, MI $ 5,000,000
939 S US-31
$ 5,000,000
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939 S US-31

Traverse City, MI, 49685
$ 5,000,000
Bedrooms-- Baths2.0 Sq 11,900

Monthly Estimate*

$ 31,571

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Commercial Property for sale in Traverse City, MI

for $5,000,000 with 2 full baths. This 11,900 square foot building was built in 1996 on a lot size of 1.47.

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.

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Commercial Active

Price

$ 5,000,000

Full Bath

2

Property Type

Commercial

Taxes

$ 0

Style

Mobile pre-1976

Lot Size

1.47

Year Built

1996

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1950714

Features
General
Sewer Public Sewer
Heating Forced Air Hot Water
Cooling Multi Units
Possession Close Of Escrow
Roof Other
Construction Materials Block
Year Built 1996
Township Traverse City
Property Subtype Retail
Tax Year 2025
Business Type Retail
Accessibility None
Assoc Fee Paid Per Annually
Business Name GT Liquor
County Grand Traverse
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Chums Corners
Garage Y/N N
Building Features None
Rent Includes None
Status Active
Directions NE Corner of Beitner and 31
City Traverse City
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 64033.2
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Structure Type Mobile pre-1976
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 943700
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description COM SW SEC COR FOR POB TH N 400' TH E 250' TH S 400' TH W 250' TO POB SEC 4 T26N R11W HIGHWAY EASEMENT RECORDED 2004R-20155 SBC EASEMENT RECORDED 2004R-20156 PUBLIC UTILITY LINE EASEMENT - SEWER RECO
Year Built Effective 2024
Freehold VOW BBO IDX
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Exterior
Parking Features Parking Lot
Lot Features Cul-De-Sac Corner Lot
Water Source Public
Total Parking 47
Lot Size Area 1.47
Foundation Details Poured Concrete
Spa N
Lot Size Acres 1.47
Other Parking Parking Lot
Waterfront Y/N N
Road Frontage Type Private Road
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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* Excluded Features
List By
Real Estate One Gaylord

Broker

Cell: 347-471-7184

Contact

Affordability Calculator

$31,571
Per Month
100%
0%
0%
Monthly Principal & Interest
$31,571
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$5,000,000 Listed Price

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939 S US-31, Traverse City, MI, 49685 is a Commercial Property for sale at $5,000,000 with 11,900 sqft and a lot size of 1.47. 939 S US-31 has 2.0 baths and was built in 1996. The property's zip code is 49685 which is in Traverse City, MI