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    309 W Front Street

    Traverse City, MI 49684
    • $2,990,000
    • STATUS: Active
    • ON SITE: 350 days
    • MLS #: 1868340
    UPDATED: 44 min ago
    $2,990,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2020
    County:

    School Ratings & Info

    Description

    309 W. Front Street is an incredibly unique piece of property located at a major junction of downtown Traverse City. To the east is the central business district. To the west, the West End business district and its Gourmet Alley. A stone's throw over the river to the south is the historic Sixth Street residential neighborhood, and to the north, the trendy Warehouse District. Just beyond that, the Open Space, community beach volleyball courts, and the iconic West Grand Traverse Bay - all within a short stroll. A new project was just announced on the neighboring parcel to the east: a four-story 73,000 ft2 operational center for 4Front Credit Union. Between this 4Front building and the Boardman River, 309 W. Front sits on 1 acre on the south side of Front Street. Customize your downtown TC project to this transformative piece of property, and take advantage of some sizable tax incentives as well. A project on this property has at least $1 million in available Brownfield/TIF and approximately $2.8 million in Michigan Business tax (MBT) Credit. Contact your agent for additional details, including building plans to fit the property, potential project financials, in-depth planning information, and more. Build to suit opportunities also available.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-23T20:52:01.007.
    www.boermarealty.com/homes/99689713
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    309 W Front Street Traverse City, MI 49684

    • Price: $2,990,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 1868340
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    2020
    Built
    Neighborhood:
    Pine Street Development One
    County:
    Grand Traverse
    Area:
    Grand Traverse
    Property Description
    309 W. Front Street is an incredibly unique piece of property located at a major junction of downtown Traverse City. To the east is the central business district. To the west, the West End business district and its Gourmet Alley. A stone's throw over the river to the south is the historic Sixth Street residential neighborhood, and to the north, the trendy Warehouse District. Just beyond that, the Open Space, community beach volleyball courts, and the iconic West Grand Traverse Bay - all within a short stroll. A new project was just announced on the neighboring parcel to the east: a four-story 73,000 ft2 operational center for 4Front Credit Union. Between this 4Front building and the Boardman River, 309 W. Front sits on 1 acre on the south side of Front Street. Customize your downtown TC project to this transformative piece of property, and take advantage of some sizable tax incentives as well. A project on this property has at least $1 million in available Brownfield/TIF and approximately $2.8 million in Michigan Business tax (MBT) Credit. Contact your agent for additional details, including building plans to fit the property, potential project financials, in-depth planning information, and more. Build to suit opportunities also available.
    Exterior Features

    Body Of Water Boardman River Construction To Be Built Exterior Features None Foundation None Lot Dimensions 286X209x135x260 Parking None Road Public Maintained Roof None Water Front Footage 260

    Interior Features

    Heating Cooling Type None

    Property Features

    Business Incl No Business Name None Deeded Waterfront Yes Documents On File NoneSurvey Eco Features No Energy Efficient Not Applicable Extras None Heating Cooling Source None Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Inside Lot Possession At Closing Present Use None Private Shared Private Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 3 Sewer None Terms 1031 ExchangeBuild To SuitCashCommercial LoanConventional MortgageGross LeaseOwner Assist (L/C) Township Traverse City Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land Yes Water None Water Conservation Not Applicable Zoning Commercial



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-23T20:52:01.007.
     
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    Boerma Realty, LLC
    524 E Mosher St., Suite 200
    Mt. Pleasant MI, 48858