109 E Front Street , #215

Description

Second floor office condominium for sale in the heart of downtown Traverse City. The historic Hannah Lay Building boasts tall ceilings, exposed brick walls, wide hallways, 2 elevators with lobbies on Front Street and the alley behind the building. This suite is divided into 2 units with separate entrances off of the hallway. Unit B has a 4.5 year lease and Unit A is vacant with 3 offices and a reception area. Unit B tenant pays $32k/year gross making this a great investment opportunity or chance for a user of unit A to have most of their expenses paid for them by the tenant. The condominium by-laws allow the unit to be converted to residential (but not short term rental), if the buyer decided they prefer that use in the future. Parking is by permit in the adjacent city parking lot