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1040 E Front St

1,864 SF Office Building Traverse City, MI 49686 $1,299,000 ($697/SF)

Investment Highlights

  • Great Location on US-31
  • High Traffic Volume and Visibility
  • Large Development Parcel

Executive Summary

Here is an opportunity to purchase and develop a large 0.63 Acre commercial parcel on US-31 at the gateway to beautiful downtown Traverse City, one of the country's most desirable Midwest locations. US-31 is the main East-West Corridor through the Grand Traverse Region, known for its beaches on crystal blue waters, wineries, breweries, restaurants and many outdoor activities. The property consists of three separate lots, two vacant and one with an existing office building remaining. The adjacent property is also available for sale for an additional 1.25 Acres of land that can be combined with this offering for a major development piece.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,864 SF
Building Class
C
Year Built
1981
Price
$1,299,000
Price Per SF
$697
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,864 SF
Building FAR
0.07
Lot Size
0.63 AC
Zoning
CM - General Commercial Zoning
Parking
12 Spaces (6.44 Spaces per 1,000 SF Leased)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 51-558-006-00
  • 51-558-004-10
  • 51-558-005-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$740,000
  • Listing ID: 29441066

  • Date on Market: 9/5/2023

  • Last Updated:

  • Address: 1040 E Front St, Traverse City, MI 49686

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