Bought with Non Member Office • NON-MLS MEMBER OFFICE
$950,000
$950,000
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418 E Eighth Street Traverse City, MI 49686
6,140 SqFt
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,140 sqft
Price per Sqft $154
Subdivision Mi
MLS Listing ID 1873713
Sold Date 08/31/20
Year Built 1939
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions Irregular
Property Sub-Type Mixed Use
Property Description
You can't beat this great development opportunity on Eighth Street with 80'+ of frontage on the Boardman River, 130'+ of frontage on Eighth Street, and located in the up and coming "NOBO" (North of Boardman) neighborhood. Just blocks from Front Street shopping and restaurants and adjacent to several upcoming developments such as Commongrounds, this 0.62-acre lot is zoned D-2 (Development District) allowing for a wide variety of uses including residential, condos, apartments, office, retail, restaurant, manufacturing, parking structures, theaters and more. There is a 6,140 SF building on the property that is currently leased to Twin Bay Glass. Business not included, but lease provides income until the land is redeveloped. Building has shop space with 2 overhead doors and office space. Be a part of the Eighth Street Revitalization today.
Location
State MI
County Grand Traverse
Zoning Commercial,Industrial,Manufacture/Warehouse,Motel/Hotel,Multi-Family,Office,Residential,Restaurant/Food,Retail
Body of Water Boardman River
Rooms
Basement Slab
Interior
Heating Forced Air, Space Heater
Cooling Forced Air, Space Heater
Exterior
Exterior Feature Block
Roof Type Membrane,Metal/Steel
Present Use Automotive Service,Office Building,Retail Store,Service
Road Frontage Blacktop, Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 28-51-646-007-00
Ownership Private Owner
Acceptable Financing 1031 Exchange, Cash, Commercial Loan, Conventional Mortgage
Listing Terms 1031 Exchange, Cash, Commercial Loan, Conventional Mortgage
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