Mixed-Use Investment
For Sale
Contact for pricing
3055 Cass Rd, Traverse City, MI 49684
31,000+ SF mixed-use property with income potential.
Property Size31,365 SF
Lot Size6.32 Acres
Price / SF$92.46
Days on Market1375
Property Features for 3055 Cass Rd
General Information
Standard status
Active
Size
31,365 SF
Lot size
6.32 Acres
Property subtype
Industrial, Mixed Use, Office
Zoning
Commercial
Lease Type
Modified Gross
Building Details
Tenancy
Multi
Listing Agency:
Three West LLC
(231) 620-5705
Listed By:
David Frost · License #MI
Source:
Crexi
Added: Nov 15, 2022
Changed: Aug 14
Last Checked: Aug 19 at 8:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Three West LLC
Investment Insights
Based on property information with market context.
Cass Commerce Center features over 31,000 square feet of rentable space, offering a mix of office and industrial spaces. Approximately 60% of the rentable area is dedicated to office use. The property is situated on 6.32 acres, providing potential for additional buildings or expansion. It features two truck docks, 339 feet of direct frontage on Cass Road, central air conditioning, three-phase power, five additional overhead doors, a metal roof, and a large paved and fenced parking lot. This property presents a significant investment opportunity.
Key Highlights
- 10.9 cap rate on fully leased income, even with 10% vacancy and management costs.
- Approximately 31,000 sf of rentable space with a mix of office (60%) and industrial tenants.
- 6.32 acres of land allowing for additional buildings or expansion.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 31,000+ SF mixed-use property with income potential.
Where is this mixed-use property located?
The property is located at 3055 Cass Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 10.9 cap rate on fully leased income, even with 10% vacancy and management costs.; Approximately 31,000 sf of rentable space with a mix of office (60%) and industrial tenants.; 6.32 acres of land allowing for additional buildings or expansion.
