1054-1060 E Front Street Traverse City, MI ^$ 2,850,000

1054-1060 E Front Street

^$ 2,850,000

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1054-1060 E Front Street

Traverse City, MI, 49686

^$ 2,850,000

Studio Baths0.0 Sq 3,726

Monthly Estimate*

^$ 19,908

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Studio

Commercial Property for sale in Traverse City, MI

for $2,850,000. This 3,726 square foot building was built in 2001 on a lot size of 1.24.

In Commercial Real Estate, it's all about location, location, location. There are only a few true marquee corners in a real estate market, and this is one of them. This 1.2 Acre property is located at the SW corner of E Front Street (US-31) and Garfield Road intersection. These two roads are both main feeder's that converge and funnel approx. 50,000 cars per day into Traverse City from the East and the South. Zoned C-3 Community Center District, this property has a multitude of allowable uses with a max building height of 45' and an 80% Impervious Surface maximum. Just a few minute walk or quick bike ride to West Grand Traverse Bay or Downtown Traverse City.

Commercial Active

Price

^$ 2,850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

1.24

Year Built

2001

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80003866

Features

General

Heating Forced Air

Cooling Central A/C

Possession At Close

Water Public Water

Status Active Active

Year Built 2001

Parking Parking Lot

Subdivision None

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name none

Percent Ownership Private

Municipality Traverse City

Section 31

Zoning Commercial

Commercial Features ADA Accessible

Area Traverse City (28021)

Location Corner Lot

Directions Southwest corner of the intersection of Garfield Ave and Front St.

City Traverse City

Street Name Front

Financial Terms Cash Commercial Loan Conventional

Legal Description 1054-LOTS 2-3-4-5 EDNA PARK ADD 1060-lengthy see documents

DOM 435

Price Per Sq Ft 764.9

Coming Soon In Commercial Real Estate it's all about location location location. There are only a few true marquee corners in a real estate market

Exterior

Exterior Block Brick Steel Wood

Lot Size Area 1.24

Lot Dimensions 330x165

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Kevin Endres

Listing Agent

Three West, Llc

Broker

kendres@threewest.com

Affordability Calculator

$19,908

Per Month

Monthly Principal & Interest: $19,908
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 80%

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.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/6/2024	$2,850,000	-9.52%	Price Down
5/9/2023	$3,150,000	-8.70%	Price Down
2/13/2023	$3,450,000		Listed Price

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1054-1060 E Front Street, Traverse City, MI, 49686 is a Commercial Property for sale at $2,850,000 with 3,726 sqft and a lot size of 1.24. 1054-1060 E Front Street is a studio with 0.0 baths and was built in 2001. The property's zip code is 49686 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.

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1054-1060 E Front Street

Commercial Property for sale in Traverse City, MI

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