3.9 AC Commercial Site

Retail-Commercial for Sale
Catylist Listing ID: 30524381
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad
Building Size (RSF): 22,520 SF
Gross Building Area: See Agent
Gross Land Area: 3.90 Acres
Sale Price: $2,650,000
Unit Price: $117.67 PSF
Property Use Type: Vacant/Owner-User
Building Name: Woodland Creek Furniture, Woodland Sweets, East Bay Pizza, UR De
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2019

Overview / Comments

Incredible visibility for this site with over 700' on US-31 and unobstructed views of East Grand Traverse Bay. The site is 3.9 acres, has high traffic counts, and the Traverse Area Recreational Trail (TART) borders the entire back of the property for easy biking downtown. Existing businesses will move so the entire site can be redeveloped. Great opportunity for hotel, restaurant, retail, office, multi-family and more. Currently, there are 3 buildings on the property with a combined square footage of 22,520. There are 4 driveways, plenty of parking and an outdoor playground. The existing buildings could be used as is, split into multiple businesses, added onto, or removed. Zoned Commercial Corridor allowing for mixed-use development.

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-01-109-038-00
Zoning: C-CORRIDOR COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Casino
Property Visibility: Excellent
Feet of Frontage: 700
Traffic/Vehicle Count: 30,250
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Construction/Siding: Wood Frame
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 977 11,435 31,259
Median Age: 45.1 43.09 41.72
Households: 455 4,999 13,659

Contact

Photograph of Listing Agent

Daniel Stiebel

Coldwell Banker Schmidt Realtors
CPIX Member
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