$4,600,000
$4,999,900
8.0%For more information regarding the value of a property, please contact us for a free consultation.
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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