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$ 2,980,000
Est. payment /mo
Active
3055 Cass Road Traverse City, MI 49684
31,365 SqFt
UPDATED:
10/03/2024 10:01 AM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 31,365 sqft
Price per Sqft $95
Subdivision Mi
MLS Listing ID 80001737
Year Built 1968
Lot Size 6.310 Acres
Acres 6.31
Lot Dimensions 340 X 810
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
Area Garfield Twp (28005)
Zoning Commercial,Industrial,Professional Office
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features Parking Lot
Roof Type Metal
Building
Foundation Slab
Water Public Water
Structure Type Steel,Stucco
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Three West, LLC