3055 Cass RdTraverse City, MI 49684

This exceptional investment opportunity presents a 31,365 square foot mixed-use property located at 3055 Cass Rd, Traverse City, MI 49684. The property, situated on a generous 6.31-acre lot, boasts 339 feet of direct frontage on Cass Road, providing excellent visibility and accessibility. The building currently generates strong income from a blend of office and industrial tenants, with approximately 60% dedicated to office space. Features include two truck docks, five additional overhead doors, a metal roof, a large paved and fenced parking lot, central air conditioning, and 3-phase power. The property is zoned commercial and offers significant potential for expansion or the addition of further buildings. The current capitalization rate, even considering a 10% vacancy and management allowance, is approximately 10.9%. A $200,000 investment in improvements would still yield a 10% return. This is a prime opportunity for investors seeking a strong return in a desirable location. The property's ample size and versatile layout make it ideal for a variety of uses. The asking price is $2,980,000, translating to $95.01 per square foot. This multi-tenant property is offered with a modified lease type. The property's APN is 05-015-038-00.