3520 Rennie School Road Traverse City, MI ^$ 1,350,000

3520 Rennie School Road

^$ 1,350,000

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3520 Rennie School Road

Traverse City, MI, 49685

^$ 1,350,000

Studio Baths0.0 Sq 12,000

Monthly Estimate*

^$ 8,973

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Studio

Commercial Property for sale in Traverse City, MI

for $1,350,000. This 12,000 square foot building was built in 1995 on a lot size of 1.72.

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.

Commercial Active

Price

^$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

1.72

Year Built

1995

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80016749

Features

General

Heating Forced Air Space Heater

Possession Subject To Tenant Rights

Roof Asphalt

Water Private Well

Status Active Active

Year Built 1995

Parking Parking Lot

Subdivision n/a

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Business Name n/a

Percent Ownership Private

Municipality Garfield Twp

Section 33

Zoning Professional Office Commercial Industrial

Commercial Features ADA Accessible Loading Dock(s) Overhead Doors

Area Garfield Twp (28005)

Directions Corner of Rennie School Rd and Elmer's Asphalt Dr.

City Traverse City

Street Name Rennie School

Financial Terms Cash Commercial Loan Exchange/Trade

Legal Description Partial from tax record: S 250' E 250' SW 1/4 SEC 33 T27N R11W AND PT SE1/4 SEC 33 T27N R11W BEG S1/4 COR TH N 00DEG 11'W 250.01' TH S 89DEG 46'E 50' TH S 00DEG 11'E 250.32' TH N 89DEG 24'W 50' TO POB

DOM 38

Price Per Sq Ft Total 112.5

Coming Soon 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

Exterior

Exterior Frame

Lot Size Area 1.72

Lot Dimensions 250x300

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Daniel Stiebel

Listing Agent

Coldwell Banker Schmidt-522

Broker

dan@realestatetc.com

Affordability Calculator

$8,973

Per Month

Monthly Principal & Interest: $8,973
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$594,671

Percent of Sale Price 56%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/21/2024	$1,350,000		Listed Price

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3520 Rennie School Road, Traverse City, MI, 49685 is a Commercial Property for sale at $1,350,000 with 12,000 sqft and a lot size of 1.72. 3520 Rennie School Road is a studio with 0.0 baths and was built in 1995. The property's zip code is 49685 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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3520 Rennie School Road

Commercial Property for sale in Traverse City, MI

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