3055 Cass Road Active Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49684
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 31,365 sqft
Price per Sqft $95
Subdivision Mi
MLS Listing ID 1906211
Year Built 1968
Lot Size 6.310 Acres
Acres 6.31
Lot Dimensions 340 X 810
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