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3055 Cass

Traverse City, MI 49684
  • $2,980,000
  • STATUS: Active
  • ON SITE: 494 Days
  • MLS #: 1906211
UPDATED: 59 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:
Business Opportunity
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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[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-20T22:49:56.933.
www.sellsmi.com/homes/135968787
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3055 Cass Traverse City, MI 49684

  • Price: $2,980,000
  • Status: Active
  • On Site: 494 Days
  • Updated: 59 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:
Garfield Twp (28005)
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

Exterior Construction SteelStucco Foundation Type Slab Location Office Park Lot Size 340 X 810 Parking Parking Lot Roofing Metal

Interior Features

Basement YN No Commercial Features ADA AccessibleOther Cooling System Central A/C Fuel Type Natural Gas Heating System Forced Air

Property Features

Business Name N/A Business Type ManufacturingOfficeServiceWholesale Commercial Type Business Financial Terms CashCommercial LoanConventional Lease YN No Municipality Garfield Twp Ownership Private SEV 732500 Sev Year 2022 Sewer Septic Public Sanitary Water Public Water Zoning CommercialIndustrialProfessional Office

Listing courtesy of Three West, LLC : 231-929-2955.

Source MLS: MiRealSource
Originating MLS: Aspire North REALTORS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-20T22:49:56.933.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507