3055 Cass Road Traverse City, MI ^$ 2,980,000

3055 Cass Road

^$ 2,980,000

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3055 Cass Road

Traverse City, MI, 49684

^$ 2,980,000

Studio Baths0.0 Sq 31,365

Monthly Estimate*

^$ 19,806

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3055 Cass Road, Traverse City, MI 49684 - Image 9

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3055 Cass Road, Traverse City, MI 49684 - Image 12

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Studio

Commercial Property for sale in Traverse City, MI

for $2,980,000. This 31,365 square foot building was built in 1968 on a lot size of 6.31.

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

Commercial Active

Price

^$ 2,980,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

6.31

Year Built

1968

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80001737

Features

General

Heating Forced Air

Cooling Central A/C

Possession Subject To Tenant Rights

Roof Metal

Water Public Water

Status Active Active

Year Built 1968

Parking Parking Lot

Subdivision N/A MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Business Name N/A

Percent Ownership Private

Municipality Garfield Twp

Section 15

Zoning Professional Office Commercial Industrial

Commercial Features ADA Accessible Other

Area Garfield Twp (28005)

Primary City Traverse City

Location Office Park

Directions One block south of South Airport Rd on the west side of Cass Road.

City Traverse City

Street Name Cass

Financial Terms Cash Commercial Loan Conventional

Legal Description N 340' OF S 647.23' OF SE 1/4 OF SW 1/4 SEC 15 T27N R11W LYING E OF COLLEGE TERRACE PLAT EXC RD R/W.

DOM 581

Postal Code 49684

Price Per Sq Ft Total 95.01

Coming Soon 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

Exterior

Exterior Steel Stucco

Lot Size Area 6.31

Lot Dimensions 340 X 810

Interior

Fuel Type Natural Gas

* Excluded Features

List By

David Frost

Listing Agent

Three West, Llc

Broker

dfrost@threewest.com

Affordability Calculator

$19,806

Per Month

Monthly Principal & Interest: $19,806
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$597,157

Percent of Sale Price 80%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/11/2022	$2,980,000		Listed Price

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3055 Cass Road, Traverse City, MI, 49684 is a Commercial Property for sale at $2,980,000 with 31,365 sqft and a lot size of 6.31. 3055 Cass Road is a studio with 0.0 baths and was built in 1968. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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3055 Cass Road

Commercial Property for sale in Traverse City, MI

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