801 W Front StreetTraverse City, MI 49684

Description

Income-producing mixed-use investment opportunity on W. Front Street in Traverse City. This fully occupied property features three rental units, including a street-level retail storefront and two residential apartments, providing immediate income with additional long-term value-add potential. Current gross scheduled rental income is $39,600 annually. The retail space is currently leased month-to-month, while both residential units have longer-term leases in place. Located within Traverse City's C-2 Neighborhood Center District, the property offers flexibility for investors, owner-users, or purchasers interested in exploring future repositioning or redevelopment opportunities, subject to applicable municipal approvals. Convenient West Front Street location provides excellent access to downtown Traverse City and the surrounding commercial corridor. Seller financing may be available to qualified purchasers with 20% down, subject to Seller approval and mutually acceptable terms. A unique opportunity to acquire an established mixed-use property offering current cash flow, financing flexibility, and future upside.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1905

Living area

1,540 Sq Ft

Lot size

0.04 acres

Lot dimensions

18' X 110'

Parking spaces

4

Days on market

3

MLS^® Listing#

1949508

Property Features

Heating

Hot Water · Natural Gas

Basement

Walk-Out Access · Finished · Exterior Entry

Parking

Parking Lot · On Street

Lot features

Corner Lot

Construction

Frame · Aluminum Siding · Block

Foundation

Block

Roof

Asphalt

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

Yes

Annual taxes

$3,011

Assessed value

$53,205

Parcel number

28-51-650-027-00

Directions

Located on the Corner of W Front St. and Cedar St. just west of Division