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109 E Front Street , #215

Traverse City, MI 49684
  • $433,200
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 1898787
$433,200
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,444
    SQFT
  • $300
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

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 will be divided into 2 units with separate entrances off of the hallway and is currently under construction. Unit B has a new 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

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-05-19T23:52:00.2.
www.brickcorbett.com/homes/127926803
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109 E Front Street , #215 Traverse City, MI 49684

  • Price: $433,200
  • Status: Active
  • On Site: 28 Days
  • MLS #: 1898787
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1,444
SQFT
$300
$/SQFT
1900
Built
Neighborhood:
Hannah Lay Building
County:
Grand Traverse
Area:
Grand Traverse
Property 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 will be divided into 2 units with separate entrances off of the hallway and is currently under construction. Unit B has a new 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
Exterior Features

Construction BrickSteel Exterior Features Brick Foundation Poured Concrete Lot Dimensions Condo Parking CommonStreet Parking Road BlacktopPublic Maintained Roof Membrane

Interior Features

Heating Cooling Type Forced AirCentral Air

Property Features

Business Incl No Business Name Boyne Country Sports Deeded Waterfront No Documents On File None Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Corner LotFreestanding Possession At ClosingSubject To Tenants Rights Present Use Office Building Real Estate Incl Yes Renewabley N Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 3 Sewer Municipal Terms 1031 ExchangeCashCommercial Loan Township Traverse City Type Income Type Of Ownership Private Owner Univs Design Barrier Free Main Floor Access Vacant Land No Water Municipal Water Year Remodeled 2019 Zoning CommercialOfficeResidential

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt-522: 231-929-2300.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-05-19T23:52:00.2.
 
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Brick & Corbett
500 S Union Street
Traverse City MI, 49686