$907,623

1535 S Division Street

Traverse City MI, 49684

Description

Great opportunity to own a strip mall building in fantastic location in Traverse City. Strong national franchise tenants include Biggby Coffee, Little Caesars Pizza & Miracle Ear. 100% occupied and 8.75% cap rate on existing income. This offering is for Building B (units 110-114) in the center of the complex and will be condominiumized prior to closing. Building is approx. 5,128 SF. Building offers great exposure and an easy to find location. Good parking and high traffic counts. Additional buildings for sale, or entire complex for $4,250,000.

Details

MLS#1862265
StyleRetail
Sub-TypeResale
StatusActive
Year2001
Days On Site140

Features

SQ Feet5,128
Story(s)1
ZoningOffice,Retail,Commercial

Market Activity 49684

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49684
AreaGrand Traverse
Listing VS Median (in 49684)
Price:
$907,623
low | high
Med:
$249,450
100% of Average
SqFt:
5,128
low | high
Med:
1,951
100% of Average
$ / SqFt:
$177
low | high
Med:
$129
76.957764833979% of Average
On Site:
140
low | high
Med:
33
100% of Average
Listing Updated: 10/21/2019
MLS Number: 1862265
Listing Provided By:
Stiebel 907623  of  Coldwell Banker Schmidt-522
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.