10021 Cherry Bend Rd Traverse City, MI 49684
- Specialty properties
- 1,800 SF
Current Use by Public Records
- Moquin Construction Co / Home Builder
Property Details for 10021 Cherry Bend Rd
- Property size
- 1,800 SF
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional Traverse City commercial property, located at 10021 E Cherry Bend Road, offers a unique blend of income-generating potential and versatile space. Priced at $569,000, the property boasts 1,800 square feet of space, strategically situated approximately one mile off West Bayshore Drive (M-22) with 123 feet of road frontage. The property's prime location across from Elmwood Township Park, near the Leelanau Trail and Greilickville Harbor, and just three miles from downtown Traverse City, ensures high visibility and accessibility. The existing structure includes a nearly 1,000-square-foot office space featuring two private offices and a reception area, ideal for professional services or a small business. An additional 800+ square-foot workshop, complete with a loft for storage and a large overhead door, provides ample space for various uses, including storage, light manufacturing, or a workshop. Adding to the investment appeal is a 704-square-foot, two-bedroom, one-bathroom home on the property, currently generating rental income that is included in the sale price. This property presents a rare opportunity to acquire a versatile commercial space with significant income potential in a highly desirable Traverse City location. The property's combination of office, workshop, and residential components makes it suitable for a wide range of business ventures and investment strategies. Don't miss this chance to own a piece of Traverse City's thriving commercial landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6497
- Latitude
- 44.7966
