1323 Cass St - Office/Residential FOR SALE


Traverse City, MI 49684- Downtown Traverse City
$899,000 USD
231-288-7676
1323 Cass St, Traverse City, MI for Sale
$899,000 USD
Office/Residential - FOR SALE
1/84
null | 8.3% Cap Rate

1323 Cass St
Traverse City, MI 49684
Downtown Traverse City


HIGHLIGHTS

  • Two-level building with turnkey professional office on main floor and renovated residential apartment above.
  • Upper-level studio includes luxury finishes, in-floor heating, and custom storage throughout.
  • ADA-compliant main floor configured for healthcare or professional office uses.
  • Outdoor deck overlooks Boardman Lake with adjacent fenced flex-space for client or personal use.
  • Buildable second lot with potential for additional dwellings or duplex development.
  • High-visibility positioning near downtown, the TART Trail system, and local breweries and retail.

OVERVIEW

A rare Live/Work opportunity just outside of downtown Traverse City. This 1,792 sq ft building sits on a 165-foot Cass Street frontage and offers a turnkey professional office on the main level with a fully renovated studio apartment above, completely gut-renovated in 2018 down to the framing, with new electrical, plumbing, flooring, and a second level added. The main floor (896 sq ft) is ADA compliant and configured for professional use currently operating as a chiropractic office with three treatment/private rooms, a half bath, and a reception area with a built-in wooden desk. Similar professional uses such as medical, dental, legal, wellness are permitted under the property's grandfathered commercial status. Prospective buyers should verify permitted use with the City of Traverse City prior to closing. The building is fully sprinklered with a fire alarm system, features a metal roof and metal siding, natural gas, an outdoor irrigation system, a digital outdoor sign, and an outdoor deck with Boardman Lake views. A fenced outdoor area currently used as a fire pit space offers additional flexibility usable as a dog pen, lounge area, or client outdoor space. The second lot, currently a 16-space parking lot, is buildable. A second dwelling is permitted, and there is potential for two duplexes, representing meaningful upside for the right buyer. Upstairs, an 896 sq ft studio apartment with high-end finishes is fully furnished and move-in or rental ready. The bathroom features marble tile, a custom shower, and in-floor radiant heat. The kitchen is fully equipped. A large custom walk-in closet with built-in storage adds practical luxury. A PVC block wall creates a defined, private sleeping area separate from the main living space. Washer and dryer included. The property sits within easy reach of the Boardman Lake Loop Trail, next to Right Brain Brewery and the TART Trail network, a genuine amenity for any owner-occupant or tenant.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$502 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1323 S Cass Street

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,637 SF

ZONING

R1B

APN/PARCEL ID

51-878-066-00

ASK ABOUT THIS PROPERTY

Troy DailyREMAX Bayshore - Union St TCMore Info
231-288-7676

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Troy DailyREMAX Bayshore - Union St TCMore Info
231-288-7676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.