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1133 W South Airport Rd

Traverse City, Michigan, 49686, United States

Property ID: #908839 // commercial
1133 W South Airport Rd
Traditional Sale
List Price:
$1,450,000.00
Icon 10,996 ft²
Icon 0.86 acres
Icon - beds
Icon - baths
Address:
1133 W South Airport Rd
City:
Traverse City
State:
Michigan
Zip Code:
49686
County:
Grand Traverse
Subdivision:
Big Apple Bagels Building
Country:
United States
Property Type:
Commercial
Additional Property Types:
Business
Year Built:
1997
Property Size:
10,996 ft²
Lot Size:
0.86 acres
Data Source:
Michigan Multiple Listing Service (MiRealSource)
MLS/Reference Number(s):
80007611
Source Status:
Active
Source Property Type:
Commercial, Business

Property Provided By

  • Daniel Stiebel
  • Coldwell Banker Schmidt-522
  • +1 (888) 662-1020
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Property Information

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.

Source Disclaimer

Michigan Multiple Listing Service (MiRealSource)

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Courtesy of Coldwell Banker Schmidt-522.
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This content last updated on 2023-08-10 07:01:04. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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