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3055 Cass Road

Traverse City, MI 49684
  • $2,980,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: 1906211
UPDATED: 35 min ago
$2,980,000
  • 0
    BEDS
  • 6.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 31,365
    SQFT
  • $95
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Description

Cass Commerce Center is over 31,000 sf of rentable space with excellent income from blend of both office and industrial users. Approximately 60% is office. 10.9 cap on fully leased income, even assuming 10% vacancy and management. Still provides a 10% return with $200,000 put toward improvements. 6.32 Acres for additional buildings or expansion. Two truck docks. 339 feet of direct frontage on Cass Road. Building equipped with central air and 3 phase power, 5 additional overhead doors, metal roof, huge paved & fenced parking lot. Great investment opportunity

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-02-03T17:52:24.663.
www.brickcorbett.com/homes/134277685
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3055 Cass Road Traverse City, MI 49684

  • Price: $2,980,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 35 min ago
  • MLS #: 1906211
0
Beds
0
Baths
0
½ Baths
6.31
Acres
31,365
SQFT
$95
$/SQFT
1968
Built
Neighborhood:
N/A
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Cass Commerce Center is over 31,000 sf of rentable space with excellent income from blend of both office and industrial users. Approximately 60% is office. 10.9 cap on fully leased income, even assuming 10% vacancy and management. Still provides a 10% return with $200,000 put toward improvements. 6.32 Acres for additional buildings or expansion. Two truck docks. 339 feet of direct frontage on Cass Road. Building equipped with central air and 3 phase power, 5 additional overhead doors, metal roof, huge paved & fenced parking lot. Great investment opportunity
Exterior Features

Construction Steel Exterior Features SteelStucco/Drivit Foundation Slab Lot Dimensions 340 X 810 Parking Parking Lot Road Public Maintained Roof Metal

Interior Features

Heating Cooling Type Central AirForced Air

Property Features

Business Incl No Business Name N/A Deeded Waterfront No Documents On File None Eco Features No Extras Other Heating Cooling Source Natural Gas Included In Lease Other Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Office Center Possession Subject To Tenants Rights Present Use Manufacture/WarehouseOffice BuildingWholesaleService Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 15 Sewer Municipal Terms CashCommercial LoanConventional Mortgage Township Garfield Type Income Type Of Ownership Private Owner Univs Design Barrier Free No Steps Entry Vacant Land No Water Municipal Water Year Remodeled 1995 Zoning CommercialIndustrialManufacture/WarehouseOffice

Listing information © 2023 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Three West, Llc: 231-929-2955.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-02-03T17:52:24.663.
 
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Brick & Corbett
500 S Union Street
Traverse City MI, 49686