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3520 Rennie School Road

Traverse City, MI 49685
  • $1,350,000
  • STATUS: Active
  • ON SITE: 62 Days
  • MLS #: 1921395
UPDATED: 66 min ago
$1,350,000
  • 0
    BEDS
  • 1.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,000
    SQFT
  • $113
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1995
County:

School Ratings & Info

Description

Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-06-23T18:52:22.44.
www.housestraversecity.com/homes/149668066
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3520 Rennie School Road Traverse City, MI 49685

  • Price: $1,350,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 66 min ago
  • MLS #: 1921395
0
Beds
0
Baths
0
½ Baths
1.72
Acres
12,000
SQFT
$113
$/SQFT
1995
Built
Neighborhood:
N/A
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
Exterior Features

Construction Frame Exterior Features Steel Foundation Slab Lot Dimensions 250x300 Parking PavedParking Lot Road Public MaintainedBlacktop Roof Asphalt

Interior Features

Heating Cooling Type Forced AirSpace Heater

Property Features

Business Incl No Business Name n/a Deeded Waterfront No Documents On File Leases Eco Features No Extras Overhead Door(s)Loading Dock(s)Mezzanine Heating Cooling Source Natural Gas Included In Lease Other Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession Subject to Tenants Rights Present Use Manufacture/Warehouse Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 33 Sewer Private Septic Terms Commercial LoanCash1031 Exchange Township Garfield Type Income Type Of Ownership Private Owner Univs Design Barrier Free Main Floor AccessNo Steps Entry Vacant Land No Water Private Well Zoning IndustrialOfficeCommercialManufacture/Warehouse

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt-522: 231-929-2300.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-06-23T18:52:22.44.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684