$635,000
$699,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
1,858 SqFt
SOLD DATE : 08/30/2021
Key Details
Sold Price $635,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,858 sqft
Price per Sqft $341
MLS Listing ID 78001328914
Sold Date 08/30/21
Originating Board Aspire North REALTORS®
Year Built 1961
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 245x1010x100x5x144x114
Property Description
Large parcel in growing commercial corridor located in Traverse City. Neighborhood is a mix of local business and residential. Eighth Street to the west is being redeveloped making this location a prime opportunity for a mixed-use redevelopment. Building sits to one side of property, so building could be retained, and additional land could be developed with residential, retail, or office. Existing building is well set up for office use. it is currently used as bank, but bank will be vacating. In 2019, a new roof was installed with a 20 year transferable warranty and the parking lot and entrance were updated to comply with ADA.
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial,Multi-Family,Office
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Accessibility Disabled Access
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Brick
Others
Tax ID 285111112020
Ownership Bank Owned
Acceptable Financing Cash, Other, Trade/Exchange
Listing Terms Cash, Other, Trade/Exchange
Financing Cash,Other,Trade/Exchange
Special Listing Condition Unknown/Data Share Listings
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Bought with Coldwell Banker Schmidt-522
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