For Sale
$1,350,000

3520 Rennie School Rd Traverse City, MI 49685

High-yield investment, 1.7 acres, 12,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fully leased, three-building industrial complex situated on a prime 1.7-acre parcel at the corner of Rennie School Road and Elmer's Asphalt Drive in Traverse City, Michigan, 49685. The property boasts a substantial 12,000 square feet of space, strategically divided into three distinct structures. Building A, encompassing 5,520 square feet, features 7-8 offices, a shop area with loft storage, and convenient access via three overhead doors (two at grade level and one with a truck loading dock). Building B offers 3,280 square feet of warehouse space, complete with a paint booth. Building C provides an additional 3,200 square feet of insulated warehouse space, efficiently divided into two sections and equipped with three overhead doors. The property benefits from excellent visibility with 300 feet of frontage on Rennie School Road, ample parking, outdoor storage areas, and ideal signage opportunities. All spaces are currently leased under terms ranging from one to four years, generating a projected 7.9% capitalization rate based on current income. This turnkey investment is an ideal addition to any portfolio seeking strong returns and stable cash flow in a desirable Michigan location.

Property Details for 3520 Rennie School Rd

Property type
Specialty properties, Land
Square Feet
12,000 SF

Location Insight

City
Traverse City
County
Grand Traverse
State
Michigan
Latitude
44.6867326
Longitude
-85.6460358

FAQs

What type of property is this?
Specialty property - High-yield investment, 1.7 acres, 12,000 SF
Where is the specialty property located?
The property is located at 3520 Rennie School Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $1,350,000.
How can I contact the broker?
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3520 Rennie School Rd
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