MI > Grand Traverse > Traverse City > 707 S Garfield Avenue 709 S. GARFIELD AVE.

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707 S Garfield Avenue 709 S. GARFIELD AVE. Map / directions

Traverse City, MI

49686 Market info

$2,500,000

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  • MLS# 1887816
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248-208-3883

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Fantastic opportunity on South Garfield Ave. in the city of Traverse City. This unique parcel is almost an acre in size, with 124' of frontage on S. Garfield Ave., and 297' of depth. The 2 Buildings currently on the parcel are leased, and have 3 tenants. The main building has 2 showrooms and 7 service bays. The second building is a 700 sq. ft. office with waiting room and kitchenette. The property has an excellent lease history. The existing buildings are situated along the Northern lot line, allowing for the bulk of the parcel to be free for development, while the purchaser earns a positive cash ROI from the existing leases. The parcel is zoned C3, allowing for a variety of uses, including Medical Marijuana sales, and likely recreational sales, when the City finalizes their ordinance. This property has excellent exposure and a high traffic count, with S. Garfield Ave. being a main traffic artery.

Property Information

Status
Active 
Address
707 S Garfield Avenue 709 S. GARFIELD AVE. 
City
Traverse City 
Zip
49686 
Year Built
1985 
Listing Date
05/25/2021 
County
Grand Traverse 
Possession
At Closing 
Parking
Common 
Price/SqFt
503.52 

Taxes

Summer Taxes
$13,178 
Winter Taxes
$1,105 

Features

Current Use
Automotive Service,Office Building,Other 
Features
14ft Ceiling Height, 3-Phase Electric, Air Compressor, Overhead Door(s), Reinforced Concrete Floor, Sprinkler System 
Zoning
Commercial 
Water
Municipal Water 
Sub Property Type
Mixed Use 
Licenses
Special Use 
Exterior Features
Brick, Vinyl 
Cooling
Forced Air, Natural Gas 
Heating
Forced Air, Natural Gas 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1887816 Active May 25 2021 3:16PM $2,500,000 152
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Social Realty, Llc
Office Address 2442 Rochester

Real Estate One Family of Companies

707 S Garfield Avenue 709 S. GARFIELD AVE. Traverse City
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$2,500,000
For Sale • Acres: 0.84 • Zoning: Commercial