Elmwood Twp, MI 49684,13561 S West-Bay Shore Drive
Elmwood Twp, MI 49684,13561 S West-Bay Shore Drive
Elmwood Twp, MI 49684,13561 S West-Bay Shore Drive
Elmwood Twp, MI 49684,13561 S West-Bay Shore Drive
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$4,600,000

$4,999,900

8.0%
Est.Price: ?

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Est. payment /mo

23,829 SqFt


SOLD DATE : 12/06/2018

Key Details

Sold Price $4,600,000

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 23,829 sqft

Price per Sqft $193

MLS Listing ID 65016043628

Sold Date 12/06/18

Originating Board Greater Regional Alliance of REALTORS

Year Built 1985

Annual Tax Amount $72,762

Lot Size 2.260 Acres

Acres 2.26

Lot Dimensions irr

Property Description

Here is your opportunity to own a prime office building located only 5 minutes from downtown Traverse City with a pre-approval for 150 slip marina. The Grand Traverse area at the present time has a 10 year wait list with 500 boats on the list. This is a stand-alone 23,000 square foot free standing building with a pro forma cap rate of 9.25. Stunning Grand Traverse Bay water views with 634 feet of prime sandy beachfront. . Zoned SC1 allowing for commercial/residential mix use for numerous opportunities. Existing renovations on the building include: acoustical ceiling throughout, electrical, Cat 5 networking throughout , full spectrum ceiling light fixtures, windows on top floor, 80% on second floor, server room with separate cooling system, coffee bar and appliances on 3rd floor...cafeteria and appliances on second floor, fireplace fronts and mantels, light filtering window shades throughout, architectural features (glass block wall, curved wall, tile walls), water/sewer back flow va

Location

State MI

County Leelanau

Area Elmwood Twp

Direction North on M-22 just past Carter Rd on right hand side.

Interior

Heating Forced Air, Hot Water

Heat Source Natural Gas

Exterior

Waterfront yes

Waterfront Description Lake Front,Lake/River Priv,Private Water Frontage

Roof Type Other

Road Frontage Paved

Building

Sewer Sewer-Sanitary

Water Municipal Water

Structure Type Brick,Block/Concrete/Masonry,Stone,Wood

Schools

School District Traverse City

Others

Tax ID 00403309700

Acceptable Financing Cash, Conventional, Lease, Other

Listing Terms Cash, Conventional, Lease, Other

Financing Cash,Conventional,Lease,Other

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Lynne C Moon of REAL ESTATE ONE, INC
Bought with Out of Area Office

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JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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