$1,400,000

118 Cass Street

Traverse City MI, 49684

Description

If you've dreamed of owning a building in downtown Traverse City, now is your chance. Fantastic location in the heart of downtown on Cass Street between Front & State. The building will be vacant at closing. This historic building was originally built as the firehouse and has undergone numerous restorations and upgrades. The main floor has a 3,700 SF restaurant space that could also be used for general retail. The second floor has an office and a 2-bedroom apartment. It could be converted to multiple condominiums or used for Airbnb rentals to maximize income. Restaurant is closed and equipment is not included in the sale.

Details

MLS#1871042
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1890
Days On Site72

Features

SQ Feet7,344
Story(s)1
ZoningResidential,Multi-Family,Office

Market Activity 49684

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49684
AreaGrand Traverse
Listing VS Median (in 49684)
Price:
$1,400,000
low | high
Med:
$249,900
100% of Average
SqFt:
7,344
low | high
Med:
1,323
100% of Average
$ / SqFt:
$191
low | high
Med:
$189
50.914285714286% of Average
On Site:
72
low | high
Med:
46
100% of Average
Listing Updated: 03/28/2020
MLS Number: 1871042
Listing Provided By:
Stiebel 1400000  of  Coldwell Banker Schmidt-522
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.