3055 Cass Road Traverse City, MI 49684
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Property Description
Cass Commerce Center is over 31,000 sf of rentable space with excellent income from blend of both office and industrial users. Approximately 60% is office. 10.9 cap on fully leased income, even assuming 10% vacancy and management. Still provides a 10% return with $200,000 put toward improvements. 6.32 Acres for additional buildings or expansion. Two truck docks. 339 feet of direct frontage on Cass Road. Building equipped with central air and 3 phase power, 5 additional overhead doors, metal roof, huge paved & fenced parking lot. Great investment opportunity
Property Information
| Current Price | $2,980,000.00 |
|---|---|
| Sq. Ft. | 31,365 ft² |
| Lot Size | 6.31 acres |
Details
| Listing Status | Active |
|---|---|
| Year Built | 1,968 |
Financial Data
| Current Price | $2,980,000.00 |
|---|---|
| Original Price | $2,980,000.00 |
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Fred Schmidt
Broker
Michigan | Ohio | Florida | St Croix
Additional Information
| City | Traverse City |
|---|---|
| State | MI |
| County | Grand Traverse |
| MLS ID | 1906211 |
| Waterfront | No |
| Brokerage | Three West, LLC 1131 E. Eighth Street Traverse City MI 49686 |