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333 E State Street

Traverse City, MI 49685
  • $899,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 1895000
UPDATED: 53 min ago
$899,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,890
    SQFT
  • $476
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:

School Ratings & Info

Description

Located in an excellent location on State Street in the heart of Downtown Traverse City, this investment opportunity has potential for a mixed-use redevelopment project that is income-producing and offers a solid ROI. Its C-4C zoning allows for 5 stories of almost 5,000 square feet per floor for a total of almost 25,000 square feet plus an additional underground parking garage. Its one of very few available downtown redevelopments spots to add retail, office and high-in-demand residential condominiums with great views of Grand Traverse Bay. The existing building is 1,890 square feet and generates great income from several tenants.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-01-20T19:51:54.683.
www.c21northland.com/homes/123296184
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333 E State Street Traverse City, MI 49685

  • Price: $899,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 53 min ago
  • MLS #: 1895000
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1,890
SQFT
$476
$/SQFT
1989
Built
Neighborhood:
28-51TRAVERSE CITY-GTC
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Located in an excellent location on State Street in the heart of Downtown Traverse City, this investment opportunity has potential for a mixed-use redevelopment project that is income-producing and offers a solid ROI. Its C-4C zoning allows for 5 stories of almost 5,000 square feet per floor for a total of almost 25,000 square feet plus an additional underground parking garage. Its one of very few available downtown redevelopments spots to add retail, office and high-in-demand residential condominiums with great views of Grand Traverse Bay. The existing building is 1,890 square feet and generates great income from several tenants.
Exterior Features

Construction BlockBrick Exterior Features BlockBrick Foundation PartialBlockFull FinishedEntrance OutsideEntrance Inside Lot Dimensions 68X77 Parking Parking Lot Road BlacktopPrivately Maintained Roof Asphalt

Interior Features

Heating Cooling Type Forced Air

Property Features

Business Incl No Business Name N/A Deeded Waterfront No Documents On File Other Eco Features No Extras Other Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession At Closing Present Use Office Building Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 31 Sewer Municipal Terms CashConventional Mortgage Township Traverse City Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free Grab BarsHand RailsOther Vacant Land No Water Municipal Water Zoning Commercial

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Century 21 Northland: 231-929-7900.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-01-20T19:51:54.683.
 
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CENTURY 21 Northland
241 E State Street
Traverse City MI, 49684