See all 46 photos
46 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,950,000
Est. payment /mo
58,960 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 58,960 sqft
Price per Sqft $66
MLS Listing ID 78080066383
Year Built 1953
Lot Size 3.460 Acres
Acres 3.46
Property Description
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 8.5% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Location
State MI
County Grand Traverse
Area Area28041Garfieldtwp
Interior
Heating Forced Air, Natural Gas, Space Heater
Fireplace No
Exterior
Parking Features ParkingLot
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Other, Trade1031Exchange
Listing Terms Cash, Other, Trade1031Exchange
Special Listing Condition Standard
Virtual Tour https://tours.bluelavamedia.com/s/-367
Read Less Info
©2026 Realcomp II Ltd. Shareholders
Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traverse City
Nearby Locations
GET MORE INFORMATION