1545 S Division Street, Traverse City MI 49684 Photo 1 1545 S Division Street, Traverse City MI 49684 Photo 2 1545 S Division Street, Traverse City MI 49684 Photo 3 1545 S Division Street, Traverse City MI 49684 Photo 4 1545 S Division Street, Traverse City MI 49684 Photo 5 1545 S Division Street, Traverse City MI 49684 Photo 6 1545 S Division Street, Traverse City MI 49684 Photo 7 1545 S Division Street, Traverse City MI 49684 Photo 8 1545 S Division Street, Traverse City MI 49684 Photo 9 1545 S Division Street, Traverse City MI 49684 Photo 10

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1545 S Division Street - Great investment opportunity! 9.5% Cap rate on fully occupied strip mall building in fantastic location in Traverse City. Desirable mix of national and local tenants including T-Mobile & SVS Vision. This offering is for Building C (units 115-122) on the south end of the complex and will be condominiumized prior to closing. Building is approx. 11,435 SF. Building offers great exposure and an easy to find location. Good parking and high traffic counts. Additional buildings for sale, or entire complex for $4,250,000

Listing information

  • MLS® ID: 1862221
  • Style: Retail / Hospitality / Service
  • Stories: 0
  • Foreclosure: No
  • Lot Size: Irregular
  • Year Built: 2001
  • Parking Type Description: Surface / Paved 0 cars
  • Total Square Footage: 11,435 ($152.23 per sq. foot)
  • County: Grand Traverse
  • Property ID: 104199839
  • Status: Active
  • New Construction: No
  • Lot Area: 3.50 Acres

Features

Business Incl No
CONSTRUCTION Brick, Block
Deeded Waterfront No
DOCUMENTS ON FILE None
ECO Features No
Exterior Features Brick
Extras None
FOUNDATION Slab
HEATING/COOLING SOURCE Natural Gas
HEATING/COOLING TYPE Forced Air, Central Air
Inventory Incl No
LICENSES None
LOCATION Shopping Center, Freestanding
Other Year Remodeled - 2012, Development Name - Kid's Creek Marketplace, Business Name - Kid's Creek Marketplace
Parking Shopping Center, Paved, Parking Lot
Possession Subject To Tenants Rights, At Closing
PRESENT USE Service, Retail Store, Office Building
ROAD Public Maintained, Blacktop
Roof Metal
Terms Commercial Loan, Cash, 1031 Exchange
UNIVS DESIGN/BARRIER FREE No Steps Entry
Utilities / Sewer Municipal
Vacant Land No
Water Municipal Water
ZONING Retail, Restaurant/Food, Office, Commercial
Listed by Dan Stiebel of Coldwell Banker Schmidt REALTORS 231-929-2300