Address
3055 Cass Road, Traverse City, MI
Price
$ 2,980,000
Property Attributes
- MLS#1906211
- TypeCommercial
- CountyGRAND TRAVERSE
- CityTraverse City
- AreaGrand Traverse
- NeighborhoodGarfield
- Zip49684
- StyleIncome
- Price$ 2,980,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage31365
- Lot Size6.31 Acres
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
Property Description
Cass Commerce Center is over 31,000 sf of rentable space with excellent income from blend of both office and industrial users. Approximately 60% is office. 10.9 cap on fully leased income, even assuming 10% vacancy and management. Still provides a 10% return with $200,000 put toward improvements. 6.32 Acres for additional buildings or expansion. Two truck docks. 339 feet of direct frontage on Cass Road. Building equipped with central air and 3 phase power, 5 additional overhead doors, metal roof, huge paved & fenced parking lot. Great investment opportunity
| Price History | |
|---|---|
| 10/26/2022 | Listed $2,980,000 |
General Features
| Roof | Metal |
|---|---|
| Zoning | Industrial,Office,Commercial,Manufacture/Warehouse |
| Sewer | Municipal |
| Construction | Steel |
Interior Features
| Basement | Slab |
|---|
Exterior Features
| Exterior Features | Steel,Stucco/Drivit |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49684
Price
Visits
Year Built
Walkscore
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
