537 W Fourteenth St, Traverse City, MI

Retail for Sale - $2,450,000 - 5,500 Sq. Ft.


Agent Info

Scott Hardy
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1193276
Location
  537 W Fourteenth St
  Traverse City MI 49684
UpdatedJune 26th, 2026
TypeRetail
Price$2,450,000
Building5,500 Sq. Ft.

Property Description

Common Good Bakery is a rare offering: a European-style bakery with an established eight-person management team, premium market positioning, protected intellectual property, and a beloved brand, located in one of the Midwest’s most desirable communities. The business runs today without its founder in daily operations. For the right buyer, whether an experienced hospitality operator, a professional seeking a lifestyle investment, or someone passionate about craft baking who wants a proven concept, Common Good is a turnkey opportunity with exceptional fundamentals and room to grow. The sellers plan to retire and are prepared to support a thoughtful transition. Two Established Locations in Downtown Traverse City:

14th Street - The original location and neighborhood anchor, where the brand was built. 8th Street - High-traffic location with catering production and liquor licensing in place. Both under long-term leases with predictable occupancy costs. Both built out by the founder as his own general contractor at a high level of detail and quality. What Common Good Is: - Crusty artisan breads - Naturally leavened sourdoughs, baguettes, and hearth loaves from a 23,000-lb Italian brick oven. - Fresh-daily pastries- Croissants, Danish, and other breakfast pastries, baked fresh daily. - Cafe experience - Coffee, breakfast sandwiches, desserts, and light fare across two locations. - Catering & wholesale - A growing B2B channel, supported by Class C and SDM liquor licenses for off-site events.


Financials



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