109 E Front Street Unit 209

Traverse City, MI, 49684

$686,120

$340 per ft²
$686,120
$340 per ft²
Active
Active
 - For Sale
carpenters-square
2,018 ft²
property_type
Commercial
calendar
Built 1900
Second floor office condominium for sale in the heart of downtown Traverse City. The historic Hannah Lay Building boasts tall ceilings, exposed brick walls, wide hallways, 2 elevators with lobbies on Front Street and the alley behind the building. This suite is the highly sought after corner suite with windows on Front & Cass Streets. The current build-out has 4 large offices, a kitchenette and a large cubicle area. Leased through August 2024 and offering a 6.4% cap rate. The condominium by-laws allow the unit to be converted to residential (but no short-term rentals), if the buyer decided they prefer that use in the future. There is one parking space in the lower level garage that may be purchased with the unit and additional parking is by permit in the adjacent city parking lot.
MLS® ID:
1898479
Listed:
4/10/22
Updated:
3/29/23

Exterior/Building Features

Lot Size
0.44 acres lot
Exterior Features
Brick
Roof
Membrane
Sewer
Municipal

Other Property Details

Area Name
Grand Traverse
Garage
Yes
Parking
Off Site, Parking Garage, Street Parking
View
N
County
Grand Traverse
Water Source
Municipal Water
Pool
No
Zoning
Commercial,Multi-Family,Office,Residential

 

Courtesy of Coldwell Banker Schmidt-522 -  

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