2258 S Otsego Ave

Retail-Commercial for Sale
Catylist Listing ID: 30771095
Building Size (RSF): 1,250 SF
Gross Building Area: See Agent
Sale Price: $245,000
Unit Price: $196 PSF
Property Use Type: Business
Usable Size (USF): 1,250 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/9/2022

Overview / Comments

Commercial business opportunity with prime exposure on South Otsego Avenue. Rental units are bringing in $37,380 currently a year in income. This parcel has a fourplex rental building, Auto Sales business and an Office building/rental unit. The lot has room for development of a larger commercial rental building as well. Completely gutted and updated 7 years ago including electric, plumbing and mechanicals.

Additional Details

Nearest MSA: Traverse City
County: Otsego
Tax ID/APN: 102-110-000-880-00
Retail Clientele: General, Business
Property Visibility: Good
Largest Nearby Street: McCoy Road
Highway Access: Very close to I-75 exits
Airports: Traverse City
Site Description: Level ground, driveway is gravel
Area Description: Nice area across from many business on the strip
Total Number of Buildings: 2
Number of Stories: 2

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,237 13,015
Median Age: 39.56 41.52
Households: 3,387 5,307

Contact

Photograph of Listing Agent

Connie Madej

Key Realty
CPIX Member
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