999 Sixth Street Traverse City, MI ^$ 925,000

999 Sixth Street

^$ 925,000

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999 Sixth Street

Traverse City, MI, 49684

^$ 925,000

Studio Baths0.0 Sq 2,874

Monthly Estimate*

^$ 6,148

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Studio

Commercial Property for sale in Traverse City, MI

for $925,000. This 2,874 square foot building was built in 1962 on a lot size of 0.47.

If location is what you are looking for, then this is the one. This almost 1/2 Acre corner property is located directly across from Munson Medical Center, Northern Michigan's largest hospital. Only minutes away from Downtown Traverse City, West Grand Traverse Bay, the GT Commons and shopping, this piece of property is ready to be redeveloped to a higher and better use. H-1 zoning allows for a density of 13 residential units on this property. The current Tenant has a lease in place until July 2025 which will give a developer cash flow during the holding period of developing their plans.

Commercial Active

Price

^$ 925,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

0.47

Year Built

1962

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1334789

Features

General

Heating Forced Air

Cooling Central A/C

Possession Subject To Tenant Rights

Water Public Water

Status Active Accepting Backup Offers

Year Built 1962

Parking Parking Lot

Subdivision None MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name None

Percent Ownership Private

Municipality Traverse City

Section 4

Zoning Other

Commercial Features ADA Accessible

Area Traverse City (28021)

Primary City Traverse City

Location Corner Lot

Directions Located on the southeast corner of the intersection of Sixth St and S Elmwood Ave.

City Traverse City

Street Name Sixth

Financial Terms Cash Commercial Loan Conventional

Legal Description LOTS 1 & 3 BLOCK 4 HANNAH LAY & CO'S 9TH ADD

DOM 675

Postal Code 49684

Price Per Sq Ft Total 321.85

Coming Soon If location is what you are looking for then this is the one. This almost 1/2 Acre corner property is located directly across from Munson Medical Center

Exterior

Exterior Frame Stone Wood

Lot Size Area 0.47

Lot Dimensions 155 x 132

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Kevin Endres

Listing Agent

Three West, Llc

Broker

kendres@threewest.com

Affordability Calculator

$6,148

Per Month

Monthly Principal & Interest: $6,148
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$589,823

Percent of Sale Price 36%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/8/2024	$925,000		Listed Price

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999 Sixth Street, Traverse City, MI, 49684 is a Commercial Property for sale at $925,000 with 2,874 sqft and a lot size of 0.47. 999 Sixth Street is a studio with 0.0 baths and was built in 1962. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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999 Sixth Street

Commercial Property for sale in Traverse City, MI

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