862 8Th StTraverse City, MI 49684

Property Details for 862 8Th St

Year built

1978

Lot size

0.29 AC

Property size (Sq ft)

2,570 SF

Property type

Office properties

Property subtype

Office buildings

APN

51-778-126-00

APU

5177812600

Description

This exceptional single-tenant office space, totaling 108 rentable square feet, presents a fantastic opportunity for a small business or individual professional seeking a convenient and well-located workspace in Traverse City. The 94 square feet of usable space is complemented by shared waiting areas and restrooms, ensuring a professional and comfortable environment. All utilities are included in the rental rate, simplifying budgeting and administration. Ample private on-site parking is available, eliminating the hassle of street parking. The property boasts an enviable location, offering easy access to downtown Traverse City's amenities and attractions. Enjoy the convenience of walking distance to local favorites like Potter's Bakery and Family Fare, or easily bike to the heart of the city. For outdoor enthusiasts, the TART trail is conveniently located just south of the property. While internet and phone services are the tenant's responsibility, the overall convenience and prime location make this a highly desirable space. This is a single-suite building situated in Grand Traverse County.

• CAP approach

  CAP return

  Valuation

  6%

  $469,392

  6.5%

  $433,285

  7%

  $402,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,742

  Geo Method

  $334,742

• Alternative Use

  Use

  Valuation

  Residential

  $537,274

  Hospitality

  $492,140

  Educational

  $409,454

  Medical

  $423,536

  Retail

  $636,929

Location Insight

City

Traverse City

County

Grand Traverse

State

Michigan

Latitude

44.7586

Longitude

-85.6015

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.