$610,000-$950,000 USD
231-534-5225
232 E State St
Traverse City, MI 49684
Downtown Traverse City
OVERVIEW
Downtown investment opportunity in the heart of Traverse City, Michigan. This 2,270 SF tenant occupied commercial condo space, constructed in 2025, offers an ideal investment opportunity. Tenant has a 10 year NNN lease that began in November 2025 with two options for renewal. Financials available with a signed NDA and proof of funds.
FOR SALE DETAILS
PRICE
$610,000-$950,000 USD
CAP RATE
Request Cap Rate
# OF UNITS
3
CONDO SIZE
-
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Boardwalk Suites & Residences by Kasa
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
74,638 SF
STORIES
5
BUILDING CLASS
B
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.37 AC
LAND SF
16,117 SF
ZONING
C-4c
APN/PARCEL ID
28-51-164-092-00
ASK ABOUT THIS PROPERTY
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231-534-5225
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231-534-5225
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