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    1028 E Eighth Street

    Traverse City, MI 49686
    • $699,000
    • STATUS: Active
    • ON SITE: 6 days
    • MLS #: 1881032
    Foreclosure
    UPDATED: 67 min ago
    $699,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,858
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Large parcel in growing commercial corridor located in Traverse City. Neighborhood is a mix of local business and residential. Eighth Street to the west is being redeveloped making this location a prime opportunity for a mixed-use redevelopment. Building sits to one side of property, so building could be retained, and additional land could be developed with residential, retail, or office. Existing building is well set up for office use. it is currently used as bank, but bank will be vacating. In 2019, a new roof was installed with a 20 year transferable warranty and the parking lot and entrance were updated to comply with ADA.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-10-22T20:51:58.177.
    www.housestraversecity.com/homes/111054174
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    1028 E Eighth Street Traverse City, MI 49686

    • Price: $699,000
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 1881032
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    1,858
    SQFT
    $376
    $/SQFT
    1961
    Built
    Neighborhood:
    N/A
    County:
    Grand Traverse
    Area:
    Grand Traverse
    Property Description
    Large parcel in growing commercial corridor located in Traverse City. Neighborhood is a mix of local business and residential. Eighth Street to the west is being redeveloped making this location a prime opportunity for a mixed-use redevelopment. Building sits to one side of property, so building could be retained, and additional land could be developed with residential, retail, or office. Existing building is well set up for office use. it is currently used as bank, but bank will be vacating. In 2019, a new roof was installed with a 20 year transferable warranty and the parking lot and entrance were updated to comply with ADA.
    Exterior Features

    Construction BlockBrick Exterior Features BlockBrick Foundation Block Lot Dimensions 245X1010x100x5x144x114 Parking Parking Lot Road BlacktopPublic Maintained Roof Membrane

    Interior Features

    Heating Cooling Type Central AirForced Air

    Property Features

    Business Incl No Business Name Fifth Third Bank Deeded Waterfront No Documents On File None Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession Negotiable Present Use Office BuildingRetail Store Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 11 Sewer Municipal Terms 1031 ExchangeCashCommercial Loan Township Traverse City Type Office Type Of Ownership Bank Owned Univs Design Barrier Free Main Floor AccessNo Steps Entry Vacant Land No Water Municipal Water Year Remodeled 2003 Zoning CommercialMulti-FamilyOfficeRestaurant/FoodRetail



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-10-22T20:51:58.177.
     
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    Team Dakoske | RE/MAX Bayshore
    500 S. Union
    Traverse City MI, 49684