18
See all 18 photos
Listed by Three West, LLC
$2,900,000
Est. payment /mo
31,365 SqFt
Active
3055 Cass Road Traverse City, MI 49684
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 31,365 sqft
Price per Sqft $92
MLS Listing ID 1906211
Year Built 1968
Lot Size 6.310 Acres
Acres 6.31
Property Sub-Type Income
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
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Metal
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION