102 W Front Street
Traverse City, MI 49684
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This iconic Traverse City landmark stands 100' tall and has been a symbol of downtown Traverse City for over 100 years. It is being offered for sale as a fully leased investment opportunity with a 7.34% cap rate. Fifth Third Bank will lease back approximately 1/2 the building for a 10 year lease, there are 3 other tenants in the building, and the bank will also lease the remaining space for 2 years while a new owner finds long term tenants for these spaces. The building was built by lumber baron Perry Hannah, the "father" of Traverse City, and was designed by his son, Julius. The building's hallmark is the clock tower which has four clock faces that are five feet in diameter each. The building has four floors, a mezzanine and a full basement. The site is 0.6 acres and has 36 parking spaces on site. The building has incredible views in every direction, overlooking Grand Traverse Bay, the Boardman River and downtown Traverse City. This is an investment opportunity of a lifetime!

Customer Care
Phone: 800-871-9992
Customer Care
Property Details
Status: Active
Listing Date 08/11/2017
County: Grand Traverse
Acreage: 0.6
Lot Dimensions: 139 x 188
Price/SqFt: $187
Zoning: Commercial, Office, Restaurant/Food, Retail
Current Use: Medical/Dental,Office Building,Retail Store
Water: Municipal Water
Features: 14ft Ceiling Height, Elevator, Security System
Sub Property Type: Mixed Use
Possession: At Closing,Subj
Total Finished SqFt: 29,383
Year Built: 1903
Parking: Off Site, Parking Lot, Street Parking
Exterior Features: Brick
Cooling: Central Air, Forced Air, Natural Gas
Heating: Central Air, Forced Air, Natural Gas
Listing Office: Coldwell Banker Schmidt-522
Office Address: 522 E Front St
Listing Number: 1836917
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