2 tenant investment property on busy South Airport Road near the Traverse City airport. Leases are short-term, so that a buyer could use the property if they want to, however the tenants would like to keep renting, so longer term leases are also a possibility for investors. Current leases are… Read More below market providing upside potential for a buyer. Tenants include Boyd Sewing and Top Comics. The Boyd Sewing space has a retail sales area, classroom, loft for additional storage. and living quarters on the second floor with kitchen and full bathroom. Priced to sell at a 7.7% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value. Read Less
Courtesy of Coldwell Banker Schmidt Traver.
Listing Snapshot
Days Online
15
Last Updated
Property Type
Commercial/Industrial
Square Ft.
7,380
Lot Size
0.56 Acres
Year Built
1967
MLS Number
80064082
30 Days Snapshot Of 49686
$372k
-1%
(avg) sold price
9
-10%
homes sold
67
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
ADA Accessible, Sprinkler System
Building
7,380 square feet, Built in 1967
Cooling
Central A/C
Exterior Features
Frame, Steel, Wood
Foundation
Slab
Water Features
Public Water
Heating
Forced Air, Natural Gas
Lot
0.56 acres, Lot size: 99' x 247.5'
Parking
Parking Lot
Property
Business name: na, Office, Retail, Professional Office, Commercial
Roof
Asphalt, Metal
Sewer
Public Sanitary
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