$500,000
Est. payment /mo
1,540 SqFt
New
801 W Front ST Traverse City, MI 49684
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,540 sqft
Price per Sqft $324
MLS Listing ID 78080072545
Year Built 1905
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Income-producing mixed-use investment opportunity on W. Front Street in Traverse City. This fully occupied property features three rental units, including a street-level retail storefront and two residential apartments, providing immediate income with additional long-term value-add potential. Current gross scheduled rental income is $39,600 annually. The retail space is currently leased month-to-month, while both residential units have longer-term leases in place. Located within Traverse City's C-2 Neighborhood Center District, the property offers flexibility for investors, owner-users, or purchasers interested in exploring future repositioning or redevelopment opportunities, subject to applicable municipal approvals. Convenient West Front Street location provides excellent access to downtown Traverse City and the surrounding commercial corridor. Seller financing may be available to qualified purchasers with 20% down, subject to Seller approval and mutually acceptable terms. A unique opportunity to acquire an established mixed-use property offering current cash flow, financing flexibility, and future upside.
Location
State MI
County Grand Traverse
Area Area28042Traversecity
Interior
Heating Hot Water, Natural Gas
Fireplace No
Exterior
Parking Features ParkingLot, Other
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
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Listed by Deanna Hess of REO-TCRandolph-233022
NEARBY SCHOOL & BUSINESS
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