3055 Cass Road Traverse City, MI ^$ 2,980,000

3055 Cass Road

^$ 2,980,000

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3055 Cass Road

Traverse City, MI, 49684

^$ 2,980,000

Studio Baths0.0 Sq 31,365

Monthly Estimate*

^$ 20,816

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Studio

Commercial Property for sale in Traverse City, MI

for $2,980,000. This 31,365 square foot building was built in 1968 on a lot size of 6.31.

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

Commercial Active

Price

^$ 2,980,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Income

Lot Size

6.31

Year Built

1968

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1906211

Features

General

Roof Metal

Zoning Industrial Office Commercial Manufacture/Warehouse

Sewer Municipal

Construction Steel

Interior

Basement Slab

Exterior

Exterior Features Steel Stucco/Drivit

* Excluded Features

List By

Three West, Llc

Broker

(231) 620-5705

Phone

Affordability Calculator

$20,816

Per Month

Monthly Principal & Interest: $20,816
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$575,606

Percent of Sale Price 81%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2034270 Elementary School

2034440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/26/2022	$2,980,000		Listed Price

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3055 Cass Road, Traverse City, MI, 49684 is a Commercial Property for sale at $2,980,000 with 31,365 sqft and a lot size of 6.31. 3055 Cass Road is a studio with 0.0 baths and was built in 1968. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 4/28/2024.

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3055 Cass Road

Commercial Property for sale in Traverse City, MI

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