Iconic Building in the heart of downtown Traverse City. Location does not get any better than the corner of East Front Street & Union Street. Building is approx. 20,000 SF (7,000 SF ground floor, 6,500 SF 2nd & 3rd floors, 400 SF 4th floor) with a full 6,500 SF basement. Property has been in the same family for over 50 years and lease rates are far below market rates. Short lease terms gives the buyer an opportunity to capture current market rents for highly sought after retail and office space or redevelop the property and use the 2nd, 3rd & 4th floors for residential condos or Air B&B units. Large windows and lots of light make redevelopment very desirable. Building already has fire sprinklers installed. There are 13 parking spaces in the rear of the building.
Courtesy of: Coldwell Banker Schmidt-522 IDX Information provided courtesy of the Traverse Area Association of Realtors. Information is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 14th August, 2022 8:43 PM (UTC)