Commercial Development

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30508115
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail
Status: Pending
Building Size (RSF): 1,672 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $630,000
Unit Price: $376.79 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2019

Overview / Comments

Fantastic development opportunity with this rare 0.18-acre parcel in mid-town between Cass St & Lake Ave. Be a part of the new Eighth Street redevelopment and be across from Rare Bird, The Parlour, Thirlby Automotive, Swiches Deli and more. This lot has 50 feet of frontage on Eighth Street with a depth of 169/149 feet and has 54 feet of frontage on Lake Avenue. Zoned Development District (Ironworks) D-1 allowing for uses such as retail, office, restaurant, hospitality, multi-family, condos and much more. 1 block away from a public parking deck, so no need for on-site parking. There is no value to the house on the property, which is a teardown, and this is being marketed as vacant land.

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-51-618-176-00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Cass & Lake
Property Visibility: Excellent
Largest Nearby Street: Eighth
Feet of Frontage: 50
Parking Type: Surface, Other
Lot Frontage: 54
Lot Depth: 169
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,207 28,906 42,838
Median Age: 40.17 42.69 42.61
Households: 3,396 13,521 19,043

Contact

Photograph of Listing Agent

Daniel Stiebel

Coldwell Banker Schmidt Realtors
CPIX Member
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