124 N Division Traverse City, MI ^$ 1,200,000

124 N Division

^$ 1,200,000

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124 N Division

Traverse City, MI, 49684

^$ 1,200,000

Studio Baths0.0 Sq 6,684

Monthly Estimate*

^$ 7,976

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Studio

Commercial Property for sale in Traverse City, MI

for $1,200,000. This 6,684 square foot building was built in 1967 on a lot size of 0.48.

This property is located at the SE corner of Division Street (US-31) and Third Street on the west side of Traverse City. Great location with high visibility! It currently has 8 units with a strong rental history. Zoned C-1 with R-3 District uses. Built in 1967, this office building has had various updates over the years including two new rooftop AC units and boiler in 2005, renovated common area and bathrooms in 2018. Professional landscaping and brand new exterior within the last few years.

Commercial Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

0.48

Year Built

1967

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80012143

Features

General

Heating Forced Air

Cooling Central A/C

Possession At Close

Roof Asphalt

Water Public Water

Status Active Active

Year Built 1967

Parking Parking Lot

Subdivision HANNAH LAY & CO'S 10TH ADD MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name Acmepen Four LLC

Percent Ownership Corporation

Municipality Traverse City

Section 3

Zoning Commercial

Area Traverse City (28021)

Primary City Traverse City

Location Corner Lot

Directions SE Corner of Division & 3rd Street 3 blocks south of West Grand Traverse Bay

City Traverse City

Street Name Division

Financial Terms Cash Commercial Loan Conventional

Legal Description LOTS 1 THRU 5 INCLUSIVE BLOCK 15 HANNAH LAY & CO'S 10TH ADD. EXC W 3 FT OF LOT 1 ALSO EXC E 2 FT OF W 5 FT OF S 32 FT OF LOT 1

DOM 235

Postal Code 49684

Price Per Sq Ft Total 179.53

Coming Soon

Exterior

Exterior Frame

Lot Size Area 0.48

Lot Dimensions 125 x 165

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Michael Annelin

Listing Agent

Century 21 Northland

Broker

mike.annelin@c21northland.com

Affordability Calculator

$7,976

Per Month

Monthly Principal & Interest: $7,976
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$604,645

Percent of Sale Price 50%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/13/2023	$1,200,000		Listed Price

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124 N Division, Traverse City, MI, 49684 is a Commercial Property for sale at $1,200,000 with 6,684 sqft and a lot size of 0.48. 124 N Division is a studio with 0.0 baths and was built in 1967. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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124 N Division

Commercial Property for sale in Traverse City, MI

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