Active
3055 Cass Road
Traverse City MI, 49684
$2,980,000
$95.01 per sqft
Active
31,365 sqft
Commercial
Built in 1968
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
1906211
MLSⓇ ID
October 26, 2022
Listed
March 31, 2024
Updated
Map
3055 Cass Road
Traverse City MI, 49684
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
6.31 Acres
Exterior Features
Steel, Stucco/Drivit
Roof
Metal
Sewer
Municipal
School Information
School District
2.5%
Other Property Details
Area Name
Grand Traverse
Days on Market
522
Garage
No
Parking
Parking Lot
View
No
County
Grand Traverse
Municipality
Garfield
Water Source
Municipal Water
Pool
No
Zoning
Industrial,Office,Commercial,Manufacture/Warehouse
Buyer Agency Compensation
2.5%
Listed by David Frost with Three West, LLC
Listing Contact: 231-620-5705
The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 3/31/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 3/31/2024 at 8:36 AM UTC