1133 W S Airport Road, Traverse City

$1,170,000

0 Beds
0 Baths
10,996 Sqft
.86 Acres
0 Garages

Investment property located in an Opportunity Zone with excellent visibility on a main traffic artery in Traverse City. This retail strip mall is 100% leased to three established retail and business tenants. With an 8.5% Cap rate, this is one of the best investments currently on the market in Traverse City. Current tenants include Big Apple Bagels, Anavon Technology, and Thai Kitchen. Building set up for 3-5 suite configuration allows for great flexibility for future tenants. Deeded parking easement on property to the east for additional parking. Owner is a licensed agent.

Essential Information
MLS® #1873725
Price$1,170,000
Bathrooms0.00
Square Footage10,996
Acres0.86
Year Built1997
TypeCommercial
StatusActive
Sub-Type

Shopping Center, Commercial Sale

Community Information
Address1133 W S Airport Road
SubdivisionBig Apple Bagels Building
CityTraverse City
CountyGrand Traverse
StateMichigan
Zip Code49686
Amenities
FeaturesNone
ParkingPaved, Parking Lot
Utilities

WATER: Municipal Water SEWER: Municipal

Interior
BasementSlab
Heating

Natural Gas, Forced Air, Central Air

Exterior
Exterior FeaturesBlock, Brick
Lot Descriptionsee associated docs
RoofAsphalt
ConstructionBlock
Additional Information
Date ListedApril 21st, 2020
Days on Market45
Zoning

Commercial, Retail, Office, Restaurant/Food

Listing Details
OfficeColdwell Banker Schmidt-522
Office Address522 E Front St
Property History
Status Changed from New to Active

Get directions to this property:

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

Sign up for email updates