Active

2504 Crossing Circle

Traverse City MI, 49686

$2,550,000


$211.93 per sqft

Active

12,032 sqft

Commercial

Built in 1999

Located in the Grand Traverse Crossing's development is a 100% leased multi-tenant property with a combined square footage of over 12,000 SF in three very well maintained buildings. At asking price, this property has an 7+% CAP rate with 2+ year tenant leases with renewal clauses, recently replaced roofs, and updated mechanicals. It is in a great area for retail shoppers with neighbors like Walmart, Home Depot, Aldi, Planet Fitness, Home Goods, several restaurants, hair salons, and is directly across from the Grand Traverse Mall. MDOT Annual Average Daily Traffic (AADT 2022) is 23,186. Do NOT discuss nor tour the businesses without previous permission from Coldwell Banker.

1915920

MLS ID

September 20, 2023

Listed

February 16, 2024

Updated

Map

2504 Crossing Circle
Traverse City MI, 49686

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.3 Acres


Exterior Features

Brick, Block


Roof

Asphalt


Sewer

Municipal

School Information

School District

2.5

Other Property Details

Area Name

Grand Traverse


Days on Market

134


Garage

No


Parking

Common, Paved, Parking Lot, Shopping Center


View

No


County

Grand Traverse


Water Source

Municipal Water


Pool

No


Zoning

Office,Retail,Commercial,Restaurant/Food


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

1/31/2024

Under Contract

Listed by with Coldwell Banker Schmidt-522
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 2:21 AM UTC

 

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