630 Fourteenth Street Traverse City, MI ^$ 3,900,000

630 Fourteenth Street

^$ 3,900,000

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630 Fourteenth Street

Traverse City, MI, 49684

^$ 3,900,000

Studio Baths0.0 Sq 3,928

Monthly Estimate*

^$ 25,921

630 Fourteenth Street, Traverse City, MI 49684 - Image 1

630 Fourteenth Street, Traverse City, MI 49684 - Image 2

630 Fourteenth Street, Traverse City, MI 49684 - Image 3

630 Fourteenth Street, Traverse City, MI 49684 - Image 4

Studio

Commercial Property for sale in Traverse City, MI

for $3,900,000. This 3,928 square foot building was built in 1974 on a lot size of 1.25.

Spectacular High Exposure Development Parcel located at the Northeast corner of US-31 (Division Street) and Fourteenth street. Existing 4,000 sq ft building (formally Fifth Third Bank) has been extensively remodeled. Property has been re-zoned to C-2 allowing for a verity of commercial uses. Entire parcel contains 19 city lots encompassing an entire city block. Keep the existing building and build an additional building or tear down and develop the entire block. Deed restriction in place prohibiting any financial institution activity for six more years.

Commercial Active

Price

^$ 3,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

1.25

Year Built

1974

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80010392

Features

General

Heating Forced Air Zoned Heating

Cooling Central A/C

Possession At Close

Roof Asphalt

Water Public Water

Status Active Accepting Backup Offers

Year Built 1974

Parking Parking Lot

Subdivision None

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name N/A

Percent Ownership Private

Municipality Traverse City

Section 9

Zoning Commercial

Commercial Features 3 Phase Power Fixtures Security Syetem Owned Sprinkler System

Area Traverse City (28021)

Location Corner Lot

Directions Notheast corner of Division (US-31) and Fourteenth Street / Silver Lake Rd

City Traverse City

Street Name Fourteenth

Financial Terms Cash Commercial Loan

Legal Description LOTS 1 TO 19 INCLUSIVE BLK 10 HANNAH'S 5TH ADD EXC N 25 FT. PF: ADDED EXC N 25 FT. NO RECORD FOUND OF TRANSFER OF THAT LAND FROM STATE TO BANK. 4/28/2010

DOM 288

Price Per Sq Ft Total 992.87

Coming Soon Spectacular High Exposure Development Parcel located at the Northeast corner of US-31 (Division Street) and Fourteenth street. Existing 4

Exterior

Exterior Frame

Lot Size Area 1.25

Lot Dimensions 400X115

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

David Cutler

Listing Agent

Twin Bay Properties, Llc

Broker

dave@twinbayproperties.com

Affordability Calculator

$25,921

Per Month

Monthly Principal & Interest: $25,921
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$594,921

Percent of Sale Price 85%

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
8/24/2023	$3,900,000		Listed Price

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630 Fourteenth Street, Traverse City, MI, 49684 is a Commercial Property for sale at $3,900,000 with 3,928 sqft and a lot size of 1.25. 630 Fourteenth Street is a studio with 0.0 baths and was built in 1974. 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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630 Fourteenth Street

Commercial Property for sale in Traverse City, MI

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