$850,000
$925,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
2,874 SqFt
SOLD DATE : 07/25/2024
Key Details
Sold Price $850,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,874 sqft
Price per Sqft $295
MLS Listing ID 78001334789
Sold Date 07/25/24
Originating Board Aspire North REALTORS®
Year Built 1962
Lot Size 0.470 Acres
Acres 0.47
Lot Dimensions 155 x 132
Property Description
If location is what you are looking for, then this is the one. This almost 1/2 Acre corner property is located directly across from Munson Medical Center, Northern Michigan's largest hospital. Only minutes away from Downtown Traverse City, West Grand Traverse Bay, the GT Commons and shopping, this piece of property is ready to be redeveloped to a higher and better use. H-1 zoning allows for a density of 13 residential units on this property. The current Tenant has a lease in place until July 2025 which will give a developer cash flow during the holding period of developing their plans.
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Other
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Stone,Wood
Schools
School District Traverse City
Others
Tax ID 285165007700
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Unknown/Data Share Listings
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2024 Realcomp II Ltd. Shareholders
Bought with Three West, LLC