Commercial Site - Stunning Views of Bay

Retail-Commercial for Sale
Catylist Listing ID: 30344933
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant
Building Size (RSF): 14,169 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $1,690,000
Unit Price: $119.27 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Woodland Creek Furniture
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2020

Overview / Comments

Great location with high traffic counts, great visibility and unobstructed views of Grand Traverse Bay. Currently there is a 14,169 SF building on the property with 2 driveways and plenty of parking. The site is 1.5 acres. The TART trail runs along the back of the property and there is a large outdoor play structure on the property. This is a great redevelopment opportunity for retail, hospitality, restaurant, office, multi-family and more. The existing building could be used as is, split up into multiple businesses, added onto, or removed. Land is zoned Commercial Corridor allowing for mixed use development.

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-01-109-038-00
Retail Clientele: General, Business, Tourist
Property Located Between: Holiday Hills & 5 Mile
Property Visibility: Excellent
Largest Nearby Street: US-31 N
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1949
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Brick, Other
Exterior Description: Split Log Siding & Painted Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Land is zoned Commercial Corridor allowing for mixed use development.
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 977 11,435 32,137
Median Age: 45.1 43.09 41.68
Households: 455 4,999 14,070


Photograph of Listing Agent

Daniel Stiebel

Coldwell Banker Schmidt Realtors
CPIX Member
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