1133 W S Airport Road
$1,450,000
1133 W S Airport Road Traverse City, MI 49686
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About this listing
On S. Airport Road just West of Garfield Ave. The Big Apple Bagels building is across from the Cherryland Mall.
Investment property with excellent visibility on a main traffic artery in Traverse City. This retail strip mall is 100% leased to three established retail and business tenants. Current tenants include Big Apple Bagels, Anavon Technology, and Thai Kitchen. Building set up for 3-5 suite configuration allows for great flexibility for future tenants. Deeded parking easement on property to the east for additional parking. Offered at a 7.4% Cap rate, but owner actually gets 8% including management fee (easy to manage). Current rates are below market leaving upside potential as leases mature.
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Building Size
10,996 sqft
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Lot Area
0.86 acres
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Year Built
1997
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MLS ID
1912139
DESCRIPTION
- • Heating Fuel Type: Gas
- • Exterior Description: Concrete Block
- • Road Type: City / Town Street
- • Roof: Asphalt Shingle Roof
- • Cooling: Central A/C
- • Water: Well
- • Heating Type: Forced Air
Dan Stiebel
CCIM
License #: 6506040160
Coldwell Banker Commercial Schmidt Realtors
Traverse City, MI US
