3055 Cass Rd, Traverse City, MI 49684

Listing office Three West LLC d***@threewest.com Show Phone

Listing date Nov 15, 2022

Source Crexi

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Overview

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.

Suggested Use

Real Estate Agency Dental Office Restaurant Hotel & Motel Electrical Service Grocery & Convenience Store Bar & Pub (Bike/Boat/Book/etc) Store Travel Agency Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Traverse City

County

Grand Traverse

State

Michigan

Longitude

-85.6266728

Latitude

44.731215

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FAQs

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.