801 W Front Street, Traverse City

$500,000

202 N. First St.
Leland, MI    49654

(415 ) 254-1622
info@manitou-life.com

Listing is courtesy of REO-TCRandolph-233022
231-946-4040

• Sale or Lease: False
• Square Feet: 1,540
• Acres: 0.04
• Business Incl: No
• Real Estate Incl: None
• Township: Traverse City
• County: Grand Traverse
• Business Type: Professional Service
• Location: Corner Lot, Freestanding
• Included in Rent: None
• Zoning: Commercial

Income-producing mixed-use investment opportunity on W. Front Street in Traverse City. This fully occupied property features three rental units, including a street-level retail storefront and two residential apartments, providing immediate income with additional long-term value-add potential. Current gross scheduled rental income is $39,600 annually. The retail space is currently leased month-to-month, while both residential units have longer-term leases in place. Located within Traverse City's C-2 Neighborhood Center District, the property offers flexibility for investors, owner-users, or purchasers interested in exploring future repositioning or redevelopment opportunities, subject to applicable municipal approvals. Convenient West Front Street location provides excellent access to downtown Traverse City and the surrounding commercial corridor. Seller financing may be available to qualified purchasers with 20% down, subject to Seller approval and mutually acceptable terms. A unique opportunity to acquire an established mixed-use property offering current cash flow, financing flexibility, and future upside.