Bought with MEMBER S NON • NON MEMBER
$2,200,000
$2,400,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
3750-3760 US-31 S Traverse City, MI 49684
10,448 SqFt
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,448 sqft
Price per Sqft $210
MLS Listing ID 1848402
Sold Date 09/27/19
Year Built 1966
Lot Size 4.590 Acres
Acres 4.59
Lot Dimensions Irregular
Property Sub-Type Retail/Commercial
Property Description
This 4.6- acres on US 31 South and currently includes 2 buildings with tenants and 5 leases storage units. One of the buildings and the storage units are leased on a month to month basis and the other building is leased until 2020. These two properties can be bought separately, together, or could be open to other ownership opportunities. This property is within a designated Opportunity Zone created by the Tax Act of 2017. Opportunity Zone designation allows for deferral of capital gains taxes, reduction of capital gains taxes, or elimination of taxes on future gains within certain parameters.
Location
State MI
County Grand Traverse
Zoning Commercial,Office,Retail
Rooms
Basement Slab
Interior
Heating Central Air, Forced Air
Cooling Central Air, Forced Air
Exterior
Exterior Feature Block, Brick
Roof Type Membrane
Present Use Office Building
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 28-05-016-013-00/012-00
Ownership Private Owner
Acceptable Financing Cash, Commercial Loan, Conventional Mortgage
Listing Terms Cash, Commercial Loan, Conventional Mortgage
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