$4,999,900
Traverse City, MI 49684
MLS# 16043628
Status: Sold
23829 sqft
1 / 4
Property Description
Here is your opportunity to own a prime office building located only 5 minutes from downtown Traverse City with a pre-approval for 150 slip marina. The Grand Traverse area at the present time has a 10 year wait list with 500 boats on the list. This is a stand-alone 23,000 square foot free standing building with a pro forma cap rate of 9.25. Stunning Grand Traverse Bay water views with 634 feet of prime sandy beachfront. . Zoned SC1 allowing for commercial/residential mix use for numerous opportunities. Existing renovations on the building include: acoustical ceiling throughout, electrical, Cat 5 networking throughout , full spectrum ceiling light fixtures, windows on top floor, 80% on second floor, server room with separate cooling system, coffee bar and appliances on 3rd floor...
Details
Maps
Documents
Location & Property Info
County: Leelanau
Street #: 13561
Street Direction: S
Street Name: West-Bay Shore
Suffix: Drive
State: MI
Zip Code: 49684
Cross Streets: NA
Property Sub-Type: Office
Area: Traverse City - T
Municipality: Elmwood Twp
Office/Contract Info
Status: Sold
Current Price: $4,600,000
List Price: $4,999,900
Auction or For Sale: For Sale
List Price/SqFt: 209.82
Prop Avail for Lease?: Yes
Sub Agency: 2
Sub Agency Type: %
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord: 2
Trans Coord Type: %
Listing Date: 2016-03-07
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.26
Lot Square Footage: 98445
Lot Dimensions: irr
Year Built: 1985
Road Frontage: 543.94
Total # Units: 35
# Fin Bldg Lvls: 2
Total # Bldgs: 1
Total SqFt: 23829
Waterfront: Yes
Body of Water: Grand Traverse Bay
School District: Traverse City
Tax Info
Tax ID #: 00403309700
Taxable Value: 1946960
SEV: 2252900
For Tax Year: 2015
Annual Property Tax: 72762.75
Tax Year: 2015
Spec Assessment & Type: None
Remarks & Misc
Legal: LL in LO
Directions: North on M-22 just past Carter Rd on right hand side.
Status Change Info
Under Contract Date: 2018-11-30
Sold Date: 2018-12-06
Sold Price: $4,600,000
Sold Price/SqFt: 193.04
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 634
Property Features
Water Type: Lake
Water Fea. Amenities: Private Frontage
Uses: Professional/Office
Business Includes: Real Estate
Construction Type: Concrete
Exterior Material: Brick; Stone; Wood Siding
Roofing: Other
Sewer: Public
Water: Public
Utilities Attached: Electric
Util Avail at St: Cable
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved
Purchase Terms Avail: Cash; Conventional; Other
Sale Conditions: None
Supplements
cafeteria and appliances on second floor, fireplace fronts and mantels, light filtering window shades throughout, architectural features (glass block wall, curved wall, tile walls), water/sewer back flow valve installed, dedicated fiber optic to service entire building (ATT), south half of roof replaced summer of 2013 and the north side of the roof will be replaced in 2018, asphalt in parking lot 2002 (resealed every year since), exterior painted in 2009, north end second floor remodeled in 2011 and security doors and entrance system installed in 2011.
Tax Information 
Listing Office: REAL ESTATE ONE, INC
Listing Agent: Lynne Moon
Last Updated: October - 24 - 2021
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