801 W Front Street, Traverse City, MI 49684
801 W Front Street, Traverse City, MI 49684
801 W Front Street, Traverse City, MI 49684
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Kyle O'Grady

Kyle O'Grady

+1(231) 499-9999
Listed by  REO-TCRandolph-233022
$500,000
Est. payment /mo
3 Baths
1,540 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,540 sqft

Price per Sqft $324

MLS Listing ID 1949508

Year Built 1905

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Mixed Use

Property Description

Income-producing mixed-use investment opportunity on W. Front Street in Traverse City. This fully occupied property features three rental units, including a street-level retail storefront and two residential apartments, providing immediate income with additional long-term value-add potential. Current gross scheduled rental income is $39,600 annually. The retail space is currently leased month-to-month, while both residential units have longer-term leases in place. Located within Traverse City's C-2 Neighborhood Center District, the property offers flexibility for investors, owner-users, or purchasers interested in exploring future repositioning or redevelopment opportunities, subject to applicable municipal approvals. Convenient West Front Street location provides excellent access to downtown Traverse City and the surrounding commercial corridor. Seller financing may be available to qualified purchasers with 20% down, subject to Seller approval and mutually acceptable terms. A unique opportunity to acquire an established mixed-use property offering current cash flow, financing flexibility, and future upside.

Location

State MI

Rooms

Basement Walk-Out Access, Finished, Exterior Entry

Interior

Heating Hot Water, Natural Gas

Exterior

Waterfront Description Public

Roof Type Asphalt

Total Parking Spaces 4

Garage false

Building

Foundation Block

Sewer Public Sewer

Water Public

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Kyle O'Grady

Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

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