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3055 Cass Rd

31,356 SF 58% Leased Office Building Traverse City, MI 49684 $2,980,000 ($95/SF)

Investment Highlights

  • Convenient Location
  • 339 ft of Road Frontage
  • 6.32 Acres - Room to Expand
  • Plenty of Parking

Executive Summary

Cass Commerce Center is over 31,000 sf of rentable space with excellent income from blend of both office and industrial users. Approximately 60% is office. 10.9 cap on fully leased income, even assuming 10% vacancy and management. Still provides a 10% return with $200,000 put toward improvements. 6.32 Acres for additional buildings or expansion. Two truck docks. 339 feet of direct frontage on Cass Road. Building equipped with central air and 3 phase power, 5 additional overhead doors, metal roof, huge paved & fenced parking lot. Great investment opportunity.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
31,356 SF
Building Class
B
Year Built
1968
Price
$2,980,000
Price Per SF
$95
Percent Leased
58%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,678 SF
Building FAR
0.12
Land Acres
6.13 AC
Opportunity Zone
Yes
Zoning
I-G EN IND

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 101
  • 1,610 SF
  • Office
  • -
  • Now

Large open office suite in the Cass Commerce Centre. Light and bright with lots of windows. Among other professional offices sharing common area for yourself and your clients. Lease for $2,350 plus $100 CAM fee, for a total rent of $2,450 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

  • 1st Fl-Ste 106
  • 1,092 SF
  • Office
  • -
  • Now

Large wide open office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $1,950 plus $100 CAM fee, for a total rent of $2,050 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

  • 1st Fl-Ste 108
  • 425 SF
  • Office
  • -
  • Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $950 plus $75 CAM fee, for a total rent of $1025/month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

  • 1st Fl-Ste 110
  • 465 SF
  • Office
  • -
  • Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $1,425 plus $100 CAM fee, for a total rent of $1,525/ month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

  • 1st Fl-Ste 121
  • 98 SF
  • Office
  • -
  • Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $350 plus $50 CAM fee, for a total rent of $400 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

  • 1st Fl-Ste Multiple
  • 9,070 SF
  • Office
  • -
  • Now

Up to 9,070 SF of ground level office space. Trend-wall system allowing for sectioning into rooms, or leaving the space wide open. Flexible to meet your needs. Ground level with multiple access points. Plenty of parking. Central Aiconditioning. Light and bright with lots of windows. Large monument sign. Multiple smaller units are available. Conveniently located near the Cass and South Airport Intersection.

  • 2nd Fl-Ste 202
  • 420 SF
  • Office
  • -
  • Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $775 plus $50 CAM fee, for a total rent of $825 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

Space Size Space Use Condition Available
1st Fl-Ste 101 1,610 SF Office - Now
1st Fl-Ste 106 1,092 SF Office - Now
1st Fl-Ste 108 425 SF Office - Now
1st Fl-Ste 110 465 SF Office - Now
1st Fl-Ste 121 98 SF Office - Now
1st Fl-Ste Multiple 9,070 SF Office - Now
2nd Fl-Ste 202 420 SF Office - Now

1st Fl-Ste 101

Size
1,610 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 106

Size
1,092 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 108

Size
425 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 110

Size
465 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 121

Size
98 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste Multiple

Size
9,070 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 202

Size
420 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 101

Size 1,610 SF
Space Use Office
Condition -
Available Now

Large open office suite in the Cass Commerce Centre. Light and bright with lots of windows. Among other professional offices sharing common area for yourself and your clients. Lease for $2,350 plus $100 CAM fee, for a total rent of $2,450 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

1st Fl-Ste 106

Size 1,092 SF
Space Use Office
Condition -
Available Now

Large wide open office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $1,950 plus $100 CAM fee, for a total rent of $2,050 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

1st Fl-Ste 108

Size 425 SF
Space Use Office
Condition -
Available Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $950 plus $75 CAM fee, for a total rent of $1025/month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

1st Fl-Ste 110

Size 465 SF
Space Use Office
Condition -
Available Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $1,425 plus $100 CAM fee, for a total rent of $1,525/ month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

1st Fl-Ste 121

Size 98 SF
Space Use Office
Condition -
Available Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $350 plus $50 CAM fee, for a total rent of $400 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

1st Fl-Ste Multiple

Size 9,070 SF
Space Use Office
Condition -
Available Now

Up to 9,070 SF of ground level office space. Trend-wall system allowing for sectioning into rooms, or leaving the space wide open. Flexible to meet your needs. Ground level with multiple access points. Plenty of parking. Central Aiconditioning. Light and bright with lots of windows. Large monument sign. Multiple smaller units are available. Conveniently located near the Cass and South Airport Intersection.

2nd Fl-Ste 202

Size 420 SF
Space Use Office
Condition -
Available Now

Your own office in the Cass Commerce Centre. Among other professional offices sharing common area for yourself and your clients. Lease for $775 plus $50 CAM fee, for a total rent of $825 / month including everything. Central Air. Other offices also available; see the layout in pictures. Plenty of parking. Conveniently located near the Cass and South Airport Intersection.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-015-038-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,056,600
  • Listing ID: 27098325

  • Date on Market: 11/11/2022

  • Last Updated:

  • Address: 3055 Cass Rd, Traverse City, MI 49684

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