MI > Traverse City > Mi
Traverse City, MI 49684,3055 Cass Road
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Traverse City, MI 49684,3055 Cass Road
Traverse City, MI 49684,3055 Cass Road
Traverse City, MI 49684,3055 Cass Road
Traverse City, MI 49684,3055 Cass Road
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Tricia Boerma

Tricia Boerma

+1(989) 560-5779
Listed by David J Frost • Three West, LLC
$ 2,900,000
Est. payment /mo
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3055 Cass Road Traverse City, MI 49684

31,365 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Income

Listing Status Active

Purchase Type For Sale

Square Footage 31,365 sqft

Price per Sqft $92

Subdivision Mi

MLS Listing ID 1906211

Year Built 1968

Lot Size 6.310 Acres

Acres 6.31

Lot Dimensions 340 X 810

Property Sub-Type Income

Property Description

Cass Commerce Center is over 31,000 sf of rentable space with excellent income from blend of both office and industrial users. Approximately 60% is office. 10.9 cap on fully leased income, even assuming 10% vacancy and management. Still provides a 10% return with $200,000 put toward improvements. 6.32 Acres for additional buildings or expansion. Two truck docks. 339 feet of direct frontage on Cass Road. Building equipped with central air and 3 phase power, 5 additional overhead doors, metal roof, huge paved & fenced parking lot. Great investment opportunity

Location

State MI

County Grand Traverse

Zoning Industrial,Office,Commercial,Manufacture/Warehouse

Rooms

Basement Slab

Interior

Heating Forced Air, Central Air

Cooling Forced Air, Central Air

Exterior

Exterior Feature Steel, Stucco/Drivit

Roof Type Metal

Present Use Manufacture/Warehouse,Office Building,Wholesale,Service

Road Frontage Public Maintained

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 05-015-038-00

Ownership Private Owner

Acceptable Financing Conventional Mortgage, Commercial Loan, Cash

Listing Terms Conventional Mortgage, Commercial Loan, Cash

Tricia Boerma

Tricia Boerma

Broker

+1(989) 560-5779

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3055 Cass Road