Exceptional investment opportunity in one of Traverse City’s most highly visible commercial corridors. This fully occupied, multi-tenant commercial property is strategically located on US-31 in Garfield Township, next to Red Lobster and across from Chick-fil-A. The property is currently leased to four established tenants, all operating under newer or recently… Read More renewed leases with annual rent increases. All leases are true triple-net (NNN), providing an attractive, stabilized investment opportunity with predictable income growth. Excellent visibility, strong traffic counts, convenient access, and a highly desirable location surrounded by established national and local businesses. Rent roll and additional financial information available to qualified buyers upon request. Read Less
Courtesy of Twin Bay Properties, LLC.
Listing Snapshot
Days Online
59
Last Updated
Property Type
Commercial/Industrial
Square Ft.
13,550
Lot Size
1.28 Acres
Year Built
1954
MLS Number
80072766
30 Days Snapshot Of 49684
$487k
-16%
(avg) sold price
11
-8%
homes sold
32
-54%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
3 Phase Power, Bath, Other, Sprinkler System
Building
13,550 square feet, Built in 1954
Cooling
Central A/C, Heat Pump(s)
Exterior Features
Block, Frame, Other, Stucco
Foundation
Slab
Water Features
Public Water
Heating
Forced Air, Heat Pump(s), Zoned Heating, Electric, Natural Gas
Interior Features
16-20 Feet, Less than 16 Ft.
Lot
1.28 acres, Lot size: 187.27' X 298.55'
Parking
Parking Lot
Property
Business name: G&D Family Investments, L, Auto Dealer/Service, Bar/Tavern, Convenience Store, Educational, Florist/Nursery, Restaurant, Retail, Commercial
Sewer
Public Sanitary
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