Medical Building For Sale

Office for Sale
Catylist Listing ID: 30164476
Property Subtypes: Executive Suites, Medical, Office Building
Building Size (RSF): 9,067 SF
Gross Building Area: See Agent
Gross Land Area: 1.30 Acres
Sale Price: $1,150,000
Unit Price: $126.83 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 431 Munson Avenue
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 9.1%
Average Occupancy Rate: 70
Last Updated: 7/11/2018

Overview / Comments

Great location for a professional office on Munson Ave. offering
easy access, good parking, visibility and signage. The building
consists of five suites with three currently leased to dental
practitioners. Professional office building in a great location
on Munson Ave.
• Excellent visibility and signage
• Investment opportunity or long term redevelopment
• Plenty of parking with 52 spaces (1 per 175 SF of space)
• Easy access
• 1.3 acre site

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-51-101-048-00
Zoning: C-1
Property Located Between: Traverse City and Acme
Property Visibility: Excellent
Highway Access: yes. Munson is also US 131
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1990
Year Renovated: 2006

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,464 23,255 39,429
Median Age: 39.79 40.94 42.88
Households: 1,546 11,022 17,728


Photograph of Listing Agent

Daniel Stiebel

Coldwell Banker Schmidt
CPIX Member
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