1867 Cass Hartman Court Traverse City, MI ^$ 4,194,000

1867 Cass Hartman Court

^$ 4,194,000

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1867 Cass Hartman Court

Traverse City, MI, 49685

^$ 4,194,000

Studio Baths0.0 Sq 64,518

Monthly Estimate*

^$ 27,875

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Studio

Commercial Property for sale in Traverse City, MI

for $4,194,000. This 64,518 square foot building was built in 1977 on a lot size of 2.9.

Industrial investment opportunity! This offering is for a sale-leaseback opportunity at a 9% CAP Rate. Building has undergone extensive upgrades and features over 40,000 SF with ceiling heights up to 24' and 22,000 SF with ceilings up to 20'. Building has newer fire suppression system, heavy duty electric, multiple truck wells and loading docks, lunch room, multiple bathrooms and 3-4 offices. Business will lease building back on NNN lease for 3 years with 1 year option.

Commercial Active

Price

^$ 4,194,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

2.9

Year Built

1977

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80012674

Features

General

Heating Wall Heat Forced Air Space Heater

Cooling Central A/C Other Wall/Window A/C

Possession Subject To Tenant Rights

Roof Metal

Water Public Water

Status Active Active

Year Built 1977

Parking Parking Lot

Subdivision N/A MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name SMI building

Percent Ownership Private

Municipality Garfield Twp

Section 27

Zoning Commercial Industrial

Commercial Features 3 Phase Power Loading Dock(s) Overhead Doors Sprinkler System

Area Garfield Twp (28005)

Primary City Traverse City

Directions Turn east off of Cass 1.5 miles south of the S. Airport / Cass intersection onto Cass Hartman Ct. 1867 (Skilled Manufacturing) will be the last building on your right.

City Traverse City

Street Name Cass Hartman

Financial Terms Cash Commercial Loan Exchange/Trade

Legal Description partial from tax record: LOTS 4&5 BOARDMAN VALLEY IND PARK SUBD (SPLIT FROM 002-00 FOR 2013)

DOM 216

Postal Code 49685

Price Per Sq Ft Total 65.01

Coming Soon Industrial investment opportunity! This offering is for a sale-leaseback opportunity at a 9% CAP Rate. Building has undergone extensive upgrades and features over 40

Exterior

Exterior Steel

Lot Size Area 2.9

Lot Dimensions irregular

Interior

Ceiling Height Greater than 20 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

Daniel Stiebel

Listing Agent

Coldwell Banker Schmidt-522

Broker

dan@realestatetc.com

Affordability Calculator

$27,875

Per Month

Monthly Principal & Interest: $27,875
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% 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 ^$606,179

Percent of Sale Price 86%

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
11/2/2023	$4,194,000		Listed Price

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1867 Cass Hartman Court, Traverse City, MI, 49685 is a Commercial Property for sale at $4,194,000 with 64,518 sqft and a lot size of 2.9. 1867 Cass Hartman Court is a studio with 0.0 baths and was built in 1977. The property's zip code is 49685 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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1867 Cass Hartman Court

Commercial Property for sale in Traverse City, MI

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