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255 E Front Street , #2

Traverse City, MI 49684
  • $910,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 1903195
UPDATED: 18 min ago
$910,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,780
    SQFT
  • $327
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2011
County:

School Ratings & Info

Description

Investors: Prime retail storefront on Front Street. Currently leased to Grand Traverse Pie Company through 2026. NNN lease with Tenant paying all expenses except small portion of taxes. Offered for sale at a 6% Cap rate with annual rent increases. Space could easily be split into two units giving it lots of flexibility for future users and tenants and possible higher rents in the future. This is a great price for highly sought after Front Street retail and wont last long. Windows fold open completely opening up to street. Currently has hood for ovens, walk-in cooler & freezer, commercial sinks, 2 restrooms and more. Association fee covers sewer, water, closed-loop heating/cooling, trash and access control elevator.

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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: 2022-08-11T09:52:19.64.
www.brickcorbett.com/homes/131389852
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255 E Front Street , #2 Traverse City, MI 49684

  • Price: $910,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 18 min ago
  • MLS #: 1903195
0
Beds
2
Baths
0
½ Baths
0.3
Acres
2,780
SQFT
$327
$/SQFT
2011
Built
Neighborhood:
101 N. Park
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Investors: Prime retail storefront on Front Street. Currently leased to Grand Traverse Pie Company through 2026. NNN lease with Tenant paying all expenses except small portion of taxes. Offered for sale at a 6% Cap rate with annual rent increases. Space could easily be split into two units giving it lots of flexibility for future users and tenants and possible higher rents in the future. This is a great price for highly sought after Front Street retail and wont last long. Windows fold open completely opening up to street. Currently has hood for ovens, walk-in cooler & freezer, commercial sinks, 2 restrooms and more. Association fee covers sewer, water, closed-loop heating/cooling, trash and access control elevator.
Exterior Features

Construction BrickSteel Exterior Features Brick Foundation Full Lot Dimensions Condo Parking Off SiteStreet Parking Road Public MaintainedBlacktop Roof Membrane

Interior Features

Heating Cooling Type Forced AirCentral Air

Property Features

Business Incl No Business Name Grand Traverse Pie Co. Deeded Waterfront No Documents On File Leases Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Lease Expires 2026-04-30 Licenses None Listing Agreement Type Exclusive Right To Sell Location Corner LotFreestanding Possession Subject To Tenants Rights Present Use Restaurant/Food ServiceRetail Store Real Estate Incl Yes Renewabley N No Sale Or Lease For Sale Sale Rent For Sale Section Number 3 Sewer Municipal Terms Commercial LoanCash1031 Exchange Township Traverse City Type Income Type Of Ownership Private Owner Univs Design Barrier Free No Steps EntryGrab Bars Vacant Land No Water Municipal Water Zoning RetailCommercialRestaurant/Food

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: 2022-08-11T09:52:19.64.
 
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Brick & Corbett
500 S Union Street
Traverse City MI, 49686