109 E Front Street , #209

Description

Second floor office condominium for sale in the heart of downtown Traverse City. The historic Hannah Lay Building boasts tall ceilings, exposed brick walls, wide hallways, 2 elevators with lobbies on Front Street and the alley behind the building. This suite is the highly sought after corner suite with windows on Front & Cass Streets. The current build-out has 4 large offices, a kitchenette and a large cubicle area. Leased through August 2024 and offering a 6.4% cap rate. The condominium by-laws allow the unit to be converted to residential (but no short-term rentals), if the buyer decided they prefer that use in the future. There is one parking space in the lower level garage that may be purchased with the unit and additional parking is by permit in the adjacent city parking lot.