For sale

3055 Cass Road
Traverse City, MI 49684

$2,900,000

Lot
6.31 acres
Year built
1968
Property type
C
County
Grand Traverse County
MLS #
1906211
Days on market
1473

About this home

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