3055 Cass Rd Traverse City, MI 49684
31,365 SF Mixed-Use Investment
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 3055 Cass Rd
General Information
- Property type
- Distribution properties
- Square Feet
- 31,365 SF
- Lot Size
- 274,864 SF
HighLights
- 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).
- Features include two truck docks, five overhead doors, metal roof, ample paved & fenced parking, central AC, and 3‑phase power.
- Commercial zoning allows for expansion; $2,980,000 asking price ($95.01/SF); 10.9% cap rate (even with 10% vacancy & management allowance).
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.625821905074
- Latitude
- 44.731441021478