Garfield Twp, MI 49686,1133 W S Airport
$1,350,000
$1,450,000
6.9%
Est.Price: ?

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10,996 SqFt

1133 W S Airport Garfield Twp, MI 49686

Est. payment /mo
SOLD DATE : 01/08/2024

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Key Details

Sold Price $1,350,000

Property Type Commercial

Sub Type Business Opportunity

Listing Status Sold

Purchase Type For Sale

Square Footage 10,996 sqft

Price per Sqft $122

Subdivision Big Apple Bagels Building

MLS Listing ID 78080007611

Sold Date 01/08/24

Originating Board Aspire North REALTORS®

Year Built 1997

Lot Size 0.860 Acres

Acres 0.86

Lot Dimensions see associated docs

Property Description

Investment property with excellent visibility on a main traffic artery in Traverse City. This retail strip mall is 100% leased to three established retail and business tenants. Current tenants include Big Apple Bagels, Anavon Technology, and Thai Kitchen. Building set up for 3-5 suite configuration allows for great flexibility for future tenants. Deeded parking easement on property to the east for additional parking. Offered at a 7.4% Cap rate, but owner actually gets 8% including management fee (easy to manage). Current rates are below market leaving upside potential as leases mature.

Location

State MI

County Grand Traverse

Area Garfield Twp

Zoning Commercial,Office

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Block/Concrete/Masonry

Schools

School District Traverse City

Others

Tax ID 0501408330

Ownership Private Owned

Acceptable Financing Cash, Other, Trade/Exchange

Listing Terms Cash, Other, Trade/Exchange

Financing Cash,Other,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Daniel J Stiebel of Coldwell Banker Schmidt-522
Bought with EXIT Realty Paramount

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Carrie Thompson

Digital Marketing Realtor | License ID: 6501338662

+1(810) 893-3269

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