Investment property with excellent visibility on a main traffic artery in Traverse City. This retail strip mall is 100% leased to three established retail and business tenants. Current tenants include Big Apple Bagels, Anavon Technology, and Thai Kitchen. Building set up for 3-5 suite configuration allows for great flexibility for future tenants. Deeded parking easement on property to the east for additional parking. Offered at a 7.4% Cap rate, but owner actually gets 8% including management fee (easy to manage). Current rates are below market leaving upside potential as leases mature.
| Property Type | Retail |
|---|---|
| Year Built | 1997 |
| Listing ID | D9LB9F |
| MLS ID | 1912139 |
| Style | Other Style |
| Building Size | 10,996 SF |
| Lot Size | 0.86 AC |
Directions: On S. Airport Road just West of Garfield Ave. The Big Apple Bagels building is across from the Cherryland Mall.
| Exterior Description: | Brick, Concrete Block |
| Roof: | Asphalt Shingle Roof |
| Road Type: | City / Town Street |
| Cooling: | Central A/C |
| Heating Type: | Forced Air |
| Heating - Fuel Type: | Gas |
| Water: | Well |