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Listed by The Mitten Real Estate Group
$1,200,000
Est. payment /mo
4,992 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,992 sqft
Price per Sqft $240
MLS Listing ID 1950437
Year Built 1995
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Retail
Property Description
Superb location! This stand-alone, well maintained 5000 square foot building (two-2500 square foot units) is located directly across from a Grand Traverse Mall entrance and is seen by any that exit there. Located in a prime area with many national tenants and more development on the horizon. Building has had 100% occupancy for 20+ years. Asking price is based on an 8% cap rate. Leases are NNN with CAM adjustable based on expenses. Financials are available to serious inquiries.
Location
State MI
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456