18
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$2,980,000
Est. payment /mo
31,365 SqFt
Active
3055 Cass Road Traverse City, MI 49684
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 31,365 sqft
Price per Sqft $95
Municipality Garfield Twp
Subdivision Garfield Twp
MLS Listing ID 80001737
Originating Board MiRealSource
Year Built 1968
Lot Size 6.310 Acres
Acres 6.31
Property Sub-Type Business
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
Location
State MI
County Grand Traverse County
Zoning Professional Office,Comme
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Roof Type Metal
Building
Sewer Public
Structure Type Stucco
Listed by Three West, LLC