3.5 Acres in Grand Traverse County

1545 S Division Street Traverse City MI 49684  |  Grand Traverse County, MI
  • $1,740,789
  • 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: 9507711

Property Description

Great investment opportunity! 9.5% Cap rate on fully occupied strip mall building in fantastic location in Traverse City. Desirable mix of national and local tenants including T-Mobile & SVS Vision. This offering is for Building C (units 115-122) on the south end of the complex and will be condominiumized prior to closing. Building is approx. 11,435 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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