4620 Us-31 N
Traverse City, MI 49686
MLS #1842274

Commercial
  • 7,012sq ft
$1,222,308
Est. P&I payment: $4668.39/mo
4620 Us-31 N, Traverse City, MI 49686
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Description for 4620 Us-31 N, Traverse City, MI 49686
Waterfront office building with most offices having a panoramic view of East Bay with 510 feet of frontage on US 31 N. The property is beautifully landscaped with a stream running through the back portion adjacent to the TART Trail. The two parking lots offer 36 parking spaces for the building. Two anchor tenants provide stability in this investment opportunity. Current rents plus projected rent for the vacant space provide a 10%+ net return, even when a 10% vacancy is applied. The asking price is the current appraised value. Buyer could be an owner occupier who could move into recently vacated space of 1,320 sf to as much as 2,110 sf.
MLS #1842274
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My Notes for MLS #1842274

General Features

  • Property Type: Office
  • Total Finished SqFt: 7,012
  • Number of Acres: 0.97
  • Lot Dimensions: irregular
  • Approx Year Built: 1991
  • Zoning: Commercial

Exterior Features

  • Vacant Land: No
  • Roof: Asphalt
  • Exterior Features: Vinyl
  • Parking: Parking Lot

Utilities Features

  • Heating/Cooling Source: Natural Gas
  • Heating/Cooling Type: Forced Air,​Central Air
  • Water: Private Well
  • Sewer: Private Septic

Financial Features

  • Sale/Rent: For Sale
  • Price Per SQFT: 174.32
  • Sale or Lease: For Sale
  • Type of Ownership: Private Owner
  • Variable Rate: No
  • Terms: Conventional Mortgage,​Commercial Loan,​Cash
  • Included in Lease: None

Community Features

  • Development Name: N/A

Misc Features

  • Deeded Waterfront: No
  • Business Name: N/A
  • ECO Features: No
  • Business Included: No
  • Real Estate Included: Yes
  • Inventory Included: No
  • Present Use: Office Building
  • Foundation: Slab
  • Possession: At Closing,​Subject to Tenants Rights
  • Construction: Frame

Location

 
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Directions to 4620 Us-31 N, Traverse City, MI 49686
Located on the east side of US 31 N between Holiday Rd and Five Mile
Listing information for 4620 Us-31 N, Traverse City, MI 49686 was graciously provided by our friends at the listing brokerage, Three West, LLC 4020 Copper View, Suite 129, Traverse City, MI 49684

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P&I Payment $4668.39
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Northern Shores Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Northern Shores Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.
Last Updated 04/26/2018 at 12:43am
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