$1,350,000
3520 Rennie School Road Traverse City, MI 49685
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$1,350,000
Est. payment /mo
12,000 SqFt
Active
3520 Rennie School Road Traverse City, MI 49685
UPDATED:
09/20/2024 03:05 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $112
MLS Listing ID 80016749
Year Built 1995
Lot Size 1.720 Acres
Acres 1.72
Lot Dimensions 250x300
Property Description
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
Location
State MI
County Grand Traverse
Area Garfield Twp (28005)
Zoning Professional Office,Commercial,Industrial
Interior
Heating Forced Air, Space Heater
Exterior
Garage Parking Lot
Roof Type Asphalt
Building
Foundation Slab
Water Private Well
Structure Type Frame
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt Traver
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