Sold
Sold Co-op Member
2504 Crossing Circle
Traverse City MI, 49686
$2,300,000
$191.16 per sqft
Sold
Sold Co-op Member
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
July 19, 2024
Updated
Map
2504 Crossing Circle
Traverse City MI, 49686
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Natural Gas, Forced Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
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
184
Garage
No
Parking
Common, Parking Lot, Paved, Shopping Center
View
No
County
Grand Traverse
Municipality
Garfield
Water Source
Municipal Water
Pool
No
Zoning
Office,Retail,Commercial,Restaurant/Food
Listing History
Date | Event | Price |
|---|---|---|
3/25/2024 | Sold | $2,300,000 |
1/31/2024 | Under Contract | — |
Listed by Scott Hardy with Coldwell Banker Schmidt-522
Listing Contact: 231-492-5898
The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 7/19/2024. 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.
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Data last updated on 7/19/2024 at 1:32 PM UTC