954 Business Park Dr | Traverse City, MI 49686
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954 Business Park Dr
Traverse City, MI 49686
Office Property For Sale
Executive Summary
One level office building in a convenient location in Peninsula Business Park. Full foundation with secured storage in the full basement. NEW ROOF in 2022. Total of seven offices, six that share ensuite men's and women rest rooms and kitchenettes. The seventh office has its own kitchenette and rest room. All offices are metered separately for gas and electric. Plenty of parking plus the possibility of expansion. All offices are fully leased. Nice opportunity for investors or owner occupants.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
C
Year Built
1995
Price
$975,000
Price Per SF
$98
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,000 SF
Building FAR
0.15
Lot Size
1.55 AC
Zoning
Commercial - Commercial Zoned District
Parking
56 Spaces (5.6 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-555-006-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $716,100 |
PROPERTY TAXES
Parcel Number
03-555-006-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$716,100
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