Income-producing mixed-use investment opportunity on W. Front Street in Traverse City. This fully occupied property features three rental units, including a street-level retail storefront and two residential apartments, providing immediate income with additional long-term value-add potential. Current gross scheduled rental income is $39,600 annually. The retail space is currently leased… Read More month-to-month, while both residential units have longer-term leases in place. Located within Traverse City's C-2 Neighborhood Center District, the property offers flexibility for investors, owner-users, or purchasers interested in exploring future repositioning or redevelopment opportunities, subject to applicable municipal approvals. Convenient West Front Street location provides excellent access to downtown Traverse City and the surrounding commercial corridor. Seller financing may be available to qualified purchasers with 20% down, subject to Seller approval and mutually acceptable terms. A unique opportunity to acquire an established mixed-use property offering current cash flow, financing flexibility, and future upside. Read Less
Courtesy of REO-TCRandolph-233022.
Listing Snapshot
Days Online
66
Last Updated
Property Type
Commercial/Industrial
Square Ft.
1,540
Lot Size
0.04 Acres
Year Built
1905
MLS Number
80072545
30 Days Snapshot Of 49684
$487k
-14%
(avg) sold price
11
-8%
homes sold
32
-52%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
Bath
Building
1,540 square feet, Built in 1905
Exterior Features
Aluminum, Frame
Foundation
Basement
Water Features
Public Water
Heating
Hot Water, Natural Gas
Lot
0.04 acres, Lot size: 18' X 110'
Parking
3-5 Spaces, Parking Lot
Property
Business name: none, Service, Commercial
Roof
Asphalt
Sewer
Public Sanitary
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