$2,900,000
$3,900,000
25.6%For more information regarding the value of a property, please contact us for a free consultation.
3,928 SqFt
SOLD DATE : 08/30/2024
Key Details
Sold Price $2,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,928 sqft
Price per Sqft $738
MLS Listing ID 78080010392
Sold Date 08/30/24
Originating Board Aspire North REALTORS®
Year Built 1974
Lot Size 1.250 Acres
Acres 1.25
Lot Dimensions 400X115
Property Description
Spectacular High Exposure Development Parcel located at the Northeast corner of US-31 (Division Street) and Fourteenth street. Existing 4,000 sq ft building (formally Fifth Third Bank) has been extensively remodeled. Property has been re-zoned to C-2 allowing for a verity of commercial uses. Entire parcel contains 19 city lots encompassing an entire city block. Keep the existing building and build an additional building or tear down and develop the entire block. Deed restriction in place prohibiting any financial institution activity for six more years.
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial
Interior
Heating Forced Air, Zoned, Central Air
Heat Source Natural Gas
Exterior
Utilities Available 3 Phase Power
Roof Type Asphalt
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame
Schools
School District Traverse City
Others
Tax ID 285183410400
Ownership Private Owned
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Unknown/Data Share Listings
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Bought with Coldwell Banker Schmidt-522
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