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Listed by Twin Bay Properties, LLC
$2,390,000
Est. payment /mo
7 Baths
13,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 13,550 sqft
Price per Sqft $176
MLS Listing ID 1949731
Year Built 1954
Lot Size 1.280 Acres
Acres 1.28
Property Sub-Type Retail
Property Description
Exceptional investment opportunity in one of Traverse City's most highly visible commercial corridors. This fully occupied, multi-tenant commercial property is strategically located on US-31 in Garfield Township, next to Red Lobster and across from Chick-fil-A. The property is currently leased to four established tenants, all operating under newer or recently renewed leases with annual rent increases. All leases are true triple-net (NNN), providing an attractive, stabilized investment opportunity with predictable income growth. Excellent visibility, strong traffic counts, convenient access, and a highly desirable location surrounded by established national and local businesses. Rent roll and additional financial information available to qualified buyers upon request.
Location
State MI
Interior
Heating Heat Pump, Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Membrane
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456