Property 9507710

3.5 Acres in Grand Traverse County

1535 S Division Street Traverse City MI 49684  |  Grand Traverse County, MI
  • $907,623
  • 3.5 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: CBSCHMIDT
Irrigated: No
Residence: Yes
Property ID: 9507710

Property 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.

Copyright 2019 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Dan Stiebel

Coldwell Banker Schmidt REALTORS - Traverse City 522

(231) 929-2300 (work)

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Dan Stiebel

Coldwell Banker Schmidt REALTORS - Traverse City 522

(231) 929-2300 (work)

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