Active

3055 Cass Road

Traverse City MI, 49684

$2,980,000


$95.01 per sqft

Active

31,365 sqft

Commercial

Built in 1968

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

1906211

MLS ID

October 26, 2022

Listed

February 16, 2024

Updated

Map

3055 Cass Road
Traverse City MI, 49684

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

6.31 Acres


Exterior Features

Steel, Stucco/Drivit


Roof

Metal


Sewer

Municipal

School Information

School District

2.5%

Other Property Details

Area Name

Grand Traverse


Days on Market

460


Garage

No


Parking

Parking Lot


View

No


County

Grand Traverse


Water Source

Municipal Water


Pool

No


Zoning

Industrial,Office,Commercial,Manufacture/Warehouse


Buyer Agency Compensation

2.5%

Listed by with Three West, LLC
Listing Contact:  

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 2/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Northern Great Lakes REALTORS® MLS all rights reserved.

Data last updated on 2/16/2024 at 2:19 AM UTC

 

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