MI > Grand Traverse > Traverse City > 109 E Front Street 116 & 117

$4,900,000

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  • MLS# 1898455
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800-871-9992

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248-208-3883

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Investment opportunity in the heart of downtown! 14,972 SF of ground floor space fully leased to long-term tenant, Boyne Country Sports. This offering is for 2 condominiumized units comprising the whole first floor of the historic Hannah Lay Building. The triple net lease has a 5.2% cap rate that will bump up to 6.1% in the renewal period. This highly sought after corner is sure to be a great value investment as lease rates are below market, leaving the investor with upside potential on this once in a lifetime investment.

Property Information

Status
Active 
Address
109 E Front Street 116 & 117 
City
Traverse City 
Zip
49684 
Year Built
1900 
Listing Date
04/11/2022 
County
Grand Traverse 
Possession
Subject to Tena 
Parking
Common,Street Parking 
Price/SqFt
327.28 

Features

Current Use
Office Building,Retail Store 
Features
None 
Zoning
Commercial, Office, Restaurant/Food, Retail 
Water
Municipal Water 
Sub Property Type
Income 
Licenses
None 
Exterior Features
Brick 
Cooling
Central Air, Forced Air, Natural Gas 
Heating
Central Air, Forced Air, Natural Gas 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1898455 Active Apr 12 2022 3:17PM $4,900,000 422
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Coldwell Banker Schmidt-522
Office Address 522 E Front Street

109 E Front Street 116 & 117 Traverse City
Contact us
$4,900,000
For Sale • Acres: 0.44 • Zoning: Office,Retail,Commercial,Restaurant/Food