3054 Cass RdTraverse City, MI 49684

Property Details for 3054 Cass Rd

Year built

1961

Lot size

1.63 AC

Property size (Sq ft)

18,037 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

05-015-047-10

APU

501504710

Description

This exceptional 2,600-square-foot flex space, located at 3054 Cass Rd in Traverse City, Michigan, 49684, presents a fantastic opportunity for businesses seeking a versatile industrial property. The single-tenant building offers a convenient location near the bustling commercial area of South Airport Rd, ensuring excellent accessibility and visibility. The property features high ceilings, ranging from 13 to 15 feet, providing ample vertical space for storage or equipment. Ease of loading and unloading is facilitated by one loading dock and two drive-in doors. An adjacent exterior truck well is also available for added convenience. The property is zoned to accommodate a variety of uses, offering flexibility for diverse business needs. This is a full-gross lease, meaning rent includes utilities

• CAP approach

  CAP return

  Valuation

  6%

  $4,084,969

  6.5%

  $3,770,741

  7%

  $3,501,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,641,445

  Geo Method

  $3,641,445

• Alternative Use

  Use

  Valuation

  Residential

  $3,770,741

  Hospitality

  $3,453,978

  Educational

  $2,873,670

  Medical

  $2,972,499

  Retail

  $4,470,152

Location Insight

City

Traverse City

County

Grand Traverse

State

Michigan

Latitude

44.7306

Longitude

-85.6253

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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