3750-3760 Us-31 S
Traverse City, MI 49684

$2,400,000

Description

This 4.6- acres on US 31 South and currently includes 2 buildings with tenants and 5 leases storage units. One of the buildings and the storage units are leased on a month to month basis and the other building is leased until 2020. These two properties can be bought separately, together, or could be open to other ownership opportunities. This property is within a designated Opportunity Zone created by the Tax Act of 2017. Opportunity Zone designation allows for deferral of capital gains taxes, reduction of capital gains taxes, or elimination of taxes on future gains within certain parameters.

Details

MLS#1848402
StyleRetail
Sub-TypeResale
StatusActive
Year1966
Days On Site201

Features

SQ Feet10,448
Story(s)1
ZoningOffice,Retail

Market Activity 49684

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49684
AreaGrand Traverse
Listing VS Median (in 49684)
Price:
$2,400,000
low | high
Med:
$219,900
100% of Average
SqFt:
10,448
low | high
Med:
620
100% of Average
$ / SqFt:
$230
low | high
Med:
$355
4.402903225807% of Average
On Site:
201
low | high
Med:
201
100% of Average
Listing Updated: 04/21/2019
MLS Number: 1848402
Listing Provided By:
Eckhoff 2400000  of  Three West LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.