Traverse City, MI 49686-4793,1610 W South Airport Road
Traverse City, MI 49686-4793,1610 W South Airport Road
Traverse City, MI 49686-4793,1610 W South Airport Road
7
$1,900,000
$1,900,000
Est.Price: ?

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24,711 SqFt

1610 W South Airport Road Traverse City, MI 49686-4793

Est. payment /mo
SOLD DATE : 11/22/2022

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Key Details

Sold Price $1,900,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 24,711 sqft

Price per Sqft $76

MLS Listing ID 80000464

Sold Date 11/22/22

Year Built 1965

Lot Size 2.120 Acres

Acres 2.12

Lot Dimensions 200X462

Property Description

Fantastic opportunity to own a great commercial property along South Airport road with a high quality Tenant in place. Property consists of 2.12 Acres of land and over 24,000 sq ft of buildings. The main building had a new high quality roof installed just over a year ago and is used for a showroom, offices and shop area. The two rear buildings are used for warehousing to support the tenants northern Michigan operations. Tenant is on the second year of a five year lease with a option to renew for additional five years. Current year CAP rate is 7.4% with yearly increases throughout lease and extension.

Location

State MI

County Grand Traverse

Area Garfield Twp (28005)

Zoning Commercial

Interior

Heating Forced Air

Cooling Central A/C, Other

Exterior

Garage Parking Lot

Building

Foundation Slab

Water Public Water

Structure Type Steel

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Commercial Loan

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Twin Bay Properties, LLC
Bought with Three West, LLC

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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