Excellent commercial location in the heart of Downtown Traverse City! C4 zoning allows for mixed-use, redevelopment with 5 stories of nearly 5,000 square feet per floor, subject to change due to court ruling in play. Totaling 25,000 square feet of income potential AND the potential for additional underground parking garage. Get your hands on one of the very few downtown redevelopments spots to add; retail, office and urban residential with sweeping views of Grand Traverse Bay. Recent Phase 1 on file. Basement is 30' X 42'. New furnace summer 2022 The existing building is 1,980 square feet and generates income from several tenants, with an open space currently for your own business. Get in on the downtown redevelopment action, next to State Street Market - amazing location! Largest suite is available for $1000 per month - sweet deal! Closing after 1/1/2023