3055 Cass Rd Traverse City, MI 49684
Call to check price and availability
31,365 SF Mixed-Use Investment
Property size:
31,365 SFProperty Features for 3055 Cass Rd
General Information
- Property type
- Distribution centers
- Square Feet
- 31,365 SF
- Lot Size
- 274,864 SF
Listing Agency: Three West, LLC Listing Agent: David Frost
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 31,365 square foot mixed-use property located at 3055 Cass Rd, Traverse City, MI 49684. The property, situated on a generous 6.31-acre lot, boasts 339 feet of direct frontage on Cass Road, providing excellent visibility and accessibility. The building currently generates strong income from a blend of office and industrial tenants, with approximately 60% dedicated to office space. Features include two truck docks, five additional overhead doors, a metal roof, a large paved and fenced parking lot, central air conditioning, and 3-phase power. The property is zoned commercial and offers significant potential for expansion or the addition of further buildings. The current capitalization rate, even considering a 10% vacancy and management allowance, is approximately 10.9%. A $200,000 investment in improvements would still yield a 10% return. This is a prime opportunity for investors seeking a strong return in a desirable location. The property's ample size and versatile layout make it ideal for a variety of uses. The asking price is $2,980,000, translating to $95.01 per square foot. This multi-tenant property is offered with a modified lease type. The property's APN is 05-015-038-00.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Kyle Konas
Alternative Medicine Practice
Timeless Window Cleaning
General Contractor
Nationwide Ignition Interlock
Building Supply
Great Lakes Express ...
Courier Service
3dot Cycle
Motorcycle Shop
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.625821905074
- Latitude
- 44.731441021478
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution center - 31,365 SF Mixed-Use Investment
Where is this distribution center located?
The property is located at 3055 Cass Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 31,365 SF mixed-use building on a 6.31-acre lot in Traverse City, MI.; Excellent visibility with 339 feet of Cass Road frontage.; Strong income from a mix of office and industrial tenants (approx. 60% office).
