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3520 Rennie School

Traverse City, MI 49685
  • $1,350,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 1921395
UPDATED: 83 min ago
$1,350,000
  • 0
    BEDS
  • 1.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,000
    SQFT
  • $113
    $/SQFT
Neighborhood:
N/A
Type:
Business Opportunity
Built:
1995
County:

School Ratings & Info

Description

Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.

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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.
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3520 Rennie School Traverse City, MI 49685

  • Price: $1,350,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 83 min ago
  • MLS #: 1921395
0
Beds
0
Baths
0
½ Baths
1.72
Acres
12,000
SQFT
$113
$/SQFT
1995
Built
Neighborhood:
N/A
County:
Grand Traverse
Area:
Garfield Twp (28005)
Property Description
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
Exterior Features

Exterior Construction Frame Foundation Type Slab Lot Size 250x300 Parking Parking Lot Roofing Asphalt

Interior Features

Basement YN No Commercial Features ADA AccessibleLoading Dock(s)Overhead Doors Fuel Type Natural Gas Heating System Forced AirSpace Heater

Property Features

Business Name n/a Business Type Manufacturing Commercial Type Business Financial Terms CashCommercial LoanExchange/Trade Lease YN No Municipality Garfield Twp Ownership Private SEV 318600 Sev Year 2023 Sewer Septic Septic Water Private Well Zoning Professional OfficeCommercialIndustrial

Listing courtesy of Coldwell Banker Schmidt-522 : 231-929-2300.

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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