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2504 Crossing Garfield Twp, MI 49686
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Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 12,032 sqft
Price per Sqft $191
Subdivision Part Of Crossing Circle
MLS Listing ID 78080011365
Sold Date 03/22/24
Originating Board Aspire North REALTORS®
Year Built 1999
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 366x92x30x85x328x146
Property Description
Located in the Grand Traverse Crossing’s development is a 100% leased multi-tenant property with a combined square footage of over 12,000 SF in three very well maintained buildings. At asking price, this property has an 7+% CAP rate with 2+ year tenant leases with renewal clauses, recently replaced roofs, and updated mechanicals. It is in a great area for retail shoppers with neighbors like Walmart, Home Depot, Aldi, Planet Fitness, Home Goods, several restaurants, hair salons, and is directly across from the Grand Traverse Mall. MDOT Annual Average Daily Traffic (AADT 2022) is 23,186. Do NOT discuss nor tour the businesses without previous permission from Coldwell Banker.
Location
State MI
County Grand Traverse
Area Garfield Twp
Zoning Commercial,Office
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Asphalt
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame
Schools
School District Traverse City
Others
Tax ID 0502200905
Ownership Private Owned
Acceptable Financing Cash, Other, Trade/Exchange
Listing Terms Cash, Other, Trade/Exchange
Financing Cash,Other,Trade/Exchange
Special Listing Condition Unknown/Data Share Listings
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