831 Garfield Avenue, Traverse City MI 49686 Photo 1 831 Garfield Avenue, Traverse City MI 49686 Photo 2 831 Garfield Avenue, Traverse City MI 49686 Photo 3 831 Garfield Avenue, Traverse City MI 49686 Photo 4 831 Garfield Avenue, Traverse City MI 49686 Photo 5 831 Garfield Avenue, Traverse City MI 49686 Photo 6 831 Garfield Avenue, Traverse City MI 49686 Photo 7 831 Garfield Avenue, Traverse City MI 49686 Photo 8 831 Garfield Avenue, Traverse City MI 49686 Photo 9 831 Garfield Avenue, Traverse City MI 49686 Photo 10 831 Garfield Avenue, Traverse City MI 49686 Photo 11 831 Garfield Avenue, Traverse City MI 49686 Photo 12 831 Garfield Avenue, Traverse City MI 49686 Photo 13 831 Garfield Avenue, Traverse City MI 49686 Photo 14 831 Garfield Avenue, Traverse City MI 49686 Photo 15 831 Garfield Avenue, Traverse City MI 49686 Photo 16

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831 Garfield Avenue - Great Investment Property with new 10 year lease! Eastfield Liquor signed a 10 year lease beginning in 2016. NNN lease means tenant pays all expenses and landlord nets $30,000 year the first year with annual increases. 8% return and increasing each year with little to no work for the owner. This space was completely remodeled when the tenant moved in and shows great. Neighboring businesses include Edson Farms Natural Foods, Scuba North, Agave Mexican Grill, Heavenly Ham, UPS Store, Bikram Yoga, Centre Street Cafe and more. Nows the time to own a condo unit in this great retail center.

Listing information

  • MLS® ID: 1824194
  • Year Built: 1972
  • Parking Type Description: Open 0 cars
  • Total Square Footage: 3,771 ($99.44 per sq. foot)
  • County: Grand Traverse
  • Property ID: 103984309
  • Status: Active
  • New Construction: No
  • Lot Area: 2.63
  • Style: Commercial
  • Stories: 0
  • Foreclosure: No
  • Lot Size: condo

Features

Business Incl No
CONSTRUCTION Block
Deeded Waterfront No
DOCUMENTS ON FILE Leases
ECO Features No
Exterior Features Block, Brick
Extras None
FOUNDATION Slab
HEATING/COOLING SOURCE Natural Gas
HEATING/COOLING TYPE Central Air, Forced Air
Inventory Incl No
LICENSES Liquor, Other
LOCATION Corner Lot, Freestanding, Shopping Center
Other Business Name - Eastfield Liquor, Development Name - Garfield Center, Year Remodeled - 2016
Parking Common, Parking Lot, Paved, Shopping Center
Possession Subject To Tenants Rights
PRESENT USE Retail Store
Renewable (Y/N) No
ROAD Blacktop, Public Maintained
Roof Composite
Terms 1031 Exchange, Cash, Commercial Loan
UNIVS DESIGN/BARRIER FREE Bathroom Sink, Covered Entrance, Grab Bars, No Steps Entry
Utilities / Sewer Municipal
Vacant Land No
Water Municipal Water
ZONING Commercial, Office, Restaurant/Food, Retail
Listed by Dan Stiebel of Coldwell Banker Schmidt REALTORS 231-929-2300