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    2040+ Us-31 S , Bldgs 1,2,3,

    Traverse City, MI 49684
    • $3,204,600
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 1882802
    UPDATED: 36 min ago
    $3,204,600
    • 0
      BEDS
    • 3.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,712
      SQFT
    • $155
      $/SQFT
    Type:
    Commercial
    Built:
    1998
    County:

    School Ratings & Info

    Description

    Super Income Opportunity. This is a 3 building complex with long term leases and quality tenants. Addresses 2040/2062/2084, south of Grand Traverse Mall. Building A (north unit-TAX #28-05-136-001-00) 7,476 gsf, Building B (middle unit Tax # 28-05-136-002-00) 5,760 + 1500 in basement level gsf, Building C (south unit- Tax# 28-05-136-003-00) 7,476 gsf. Hartman Hills complex offers condominium project. Municipal sewer, one well for all 3 buildings. Long term leases with A:MDOT, B: Modern District Financial, C: IRS. Net rental income projected for 2021 is $262,133. Accordingly, the cap rate would be 8%--cost per square foot is well below replacement value. Option I-Bldg B For Sale $750,000. B has an additional 1500 SF finished basement. Option II-A & C Bldgs. For Sale-$ 2,454,600. Master Deed is available. The existing Tower has a permanent easement on property. Please do not enter building without a formal appointment.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-01-19T21:51:59.76.
    www.boermarealty.com/homes/112784448
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    2040+ Us-31 S , Bldgs 1,2,3, Traverse City, MI 49684

    • Price: $3,204,600
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 1882802
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.8
    Acres
    20,712
    SQFT
    $155
    $/SQFT
    1998
    Built
    Neighborhood:
    Hartman Hills Marketplace Cond
    County:
    Grand Traverse
    Area:
    Grand Traverse
    Property Description
    Super Income Opportunity. This is a 3 building complex with long term leases and quality tenants. Addresses 2040/2062/2084, south of Grand Traverse Mall. Building A (north unit-TAX #28-05-136-001-00) 7,476 gsf, Building B (middle unit Tax # 28-05-136-002-00) 5,760 + 1500 in basement level gsf, Building C (south unit- Tax# 28-05-136-003-00) 7,476 gsf. Hartman Hills complex offers condominium project. Municipal sewer, one well for all 3 buildings. Long term leases with A:MDOT, B: Modern District Financial, C: IRS. Net rental income projected for 2021 is $262,133. Accordingly, the cap rate would be 8%--cost per square foot is well below replacement value. Option I-Bldg B For Sale $750,000. B has an additional 1500 SF finished basement. Option II-A & C Bldgs. For Sale-$ 2,454,600. Master Deed is available. The existing Tower has a permanent easement on property. Please do not enter building without a formal appointment.
    Exterior Features

    Construction Frame Exterior Features Vinyl Foundation SlabOther Lot Dimensions Irregular Parking CommonPaved Road Blacktop Roof Asphalt

    Interior Features

    Heating Cooling Type Forced Air

    Property Features

    Business Incl No Business Name N/A Deeded Waterfront No Documents On File LeasesMaster Deed Eco Features No Extras Other Heating Cooling Source Natural Gas Included In Lease Building InsuranceOtherTax Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Office Center Lot Number 123 Possession Subject To Tenants Rights Present Use Office BuildingRetail StoreWholesale Real Estate Incl Yes Renewabley N Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 21 Sewer Municipal Terms 1031 ExchangeCashConventional Mortgage Township Garfield Type Office Type Of Ownership Private Owner Univs Design Barrier Free Main Floor Access Vacant Land No Water Private Well Zoning Commercial



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-01-19T21:51:59.76.
     
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    Boerma Realty, LLC
    524 E Mosher St., Suite 200
    Mt. Pleasant MI, 48858