MI > Traverse City > Na
Traverse City, MI 49686,966 W South Airport RD
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Traverse City, MI 49686,966 W South Airport RD
Traverse City, MI 49686,966 W South Airport RD
Traverse City, MI 49686,966 W South Airport RD
Traverse City, MI 49686,966 W South Airport RD
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 569,000
Est. payment /mo
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966 W South Airport RD Traverse City, MI 49686

7,380 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 7,380 sqft

Price per Sqft $77

Subdivision Na

MLS Listing ID 78080064082

Year Built 1967

Lot Size 0.560 Acres

Acres 0.56

Property Description

2 tenant investment property on busy South Airport Road near the Traverse City airport. Leases are short-term, so that a buyer could use the property if they want to, however the tenants would like to keep renting, so longer term leases are also a possibility for investors. Current leases are below market providing upside potential for a buyer. Tenants include Boyd Sewing and Top Comics. The Boyd Sewing space has a retail sales area, classroom, loft for additional storage. and living quarters on the second floor with kitchen and full bathroom. Priced to sell at a 7.7% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value.

Location

State MI

County Grand Traverse

Area Area28041Garfieldtwp

Interior

Heating ForcedAir, NaturalGas

Cooling CentralAir

Fireplace No

Exterior

Parking Features ParkingLot

Utilities Available NaturalGasConnected

View Y/N No

Roof Type Asphalt, Metal

Building

Foundation Slab

Sewer PublicSewer

Water Public

New Construction No

Schools

High Schools Traversecity

School District Traversecity

Others

Acceptable Financing Cash, Other, Trade1031Exchange

Listing Terms Cash, Other, Trade1031Exchange

Special Listing Condition Standard

Virtual Tour https://vt.realbiz360.com/Listing-2094721.html

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traver
Tim Sova

Tim Sova

Broker Associate

+1(810) 844-2316

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