3311 South Airport Rd - Storefront Retail/Office CONDO FOR SALE


Traverse City, MI 49684
$850,000 USD
231-633-0432
3311 South Airport Rd, Traverse City, MI for Sale
$850,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/57
null | Request Cap Rate

3311 South Airport Rd
Traverse City, MI 49684


OVERVIEW

Great retail or office location with good visibility and easy ingress and egress from South Airport Road. Stand-alone building is comprised of 2 units that are currently being used as one 3,936 SF store, but could easily be divided back into two units. Each side has its own bathroom and access to the lower level which is comprised of storage and some finished office space. Lower level could be finished off and have its own entrance from the south parking lot if a deck/staircase was added. New roof and french drains in 2022. Located directly across from Grand Traverse Mall and has plenty of parking for customers. Neighboring uses include retail stores, beauty salon, professional services, healthcare, and retail banking. Offered well below assessor's true cash value of $1,059,400.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Retail/Office Unit

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

3,936 SF

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,758 SF

ZONING

-

APN/PARCEL ID

05-291-001-00

ASK ABOUT THIS PROPERTY

Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.