MI > Grand Traverse > Traverse City > 250 E Front Street

For Sale Active

250 E Front Street Map / directions

Traverse City, MI

49684 Market info

$18,850,000

Calculate Payment

  • MLS# 1876685
  • Photos
  • Map
  • Satellite
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

COMPLETELY RENOVATED IN 2018 - new lobby, roof, windows, doors, HVAC, electrical, plumbing, security system and landscaping - new addition completed in 2019 - back up generator CREDIT TENANTS 9-10 years remain on Triple Net Leases with rent escalators and options to renew - Hagerty Insurance - Chase Bank - Sorrelina NOI $1,312,469/7% CAP Rate PRIME LOCATION - located on main downtown corridor offering prime visibility and access - across from public parking deck - 25 onsite parking spaces - ATM on site Terms of sale are: Assumption of non-recourse CMBS loan to qualified borrower, fixed rate 5.29% thru 9/29/2029, loan balance approximately $11,300,000 as of 7/1/2020. Or, if Buyer prefers other bank financing (or cash), Buyer shall pay defeasance fee on Seller's existing loan.

Property Information

Status
Active 
Address
250 E Front Street 
City
Traverse City 
Zip
49684 
Year Built
1969 
Listing Date
07/02/2020 
County
Grand Traverse 
Possession
At Closing 
Parking
Parking Lot 
Price/SqFt
269.29 

Features

Current Use
Office Building 
Features
Elevator 
Zoning
Commercial 
Water
Municipal Water 
Sub Property Type
Income 
Licenses
None 
Exterior Features
Brick 
Cooling
Central Air, Natural Gas 
Heating
Central Air, Natural Gas 

Mortgage Calculator

years
annual
annual

Get Pre-Approved

  • 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
1876685 Active Jul 2 2020 10:33AM $18,850,000 109
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

Listing Broker

MITAAR Logo

Listing Courtesy of G.a. Snowden Associates
Office Address 125 Park Street Suite 290

Real Estate One Family of Companies

250 E Front Street Traverse City
Contact us
$18,850,000
For Sale • Acres: 0.76 • Zoning: Commercial