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1025 Hannah Ave
Traverse City, MI 49686
Retail Property For Sale


EXECUTIVE SUMMARY
Secure this 2,400 square foot commercial building, which is strategically positioned for maximum accessibility and exposure near a highly traveled corridor in Traverse City. The property's significant advantage is its C-2 zoning designation, providing exceptional adaptability for a wide spectrum of business ventures, including the potential for an Adult Use Marihuana Retailer (subject to fulfilling all required municipal licensing and state regulations). This well-outfitted facility is ready for immediate operation, featuring multiple dedicated retail spaces, a private office, and modern amenities designed for both staff and patrons, such as separate half-bathrooms and a convenient kitchenette. Further enhancing its utility is the full security system and a dedicated parking lot, ensuring convenience and peace of mind. This represents an outstanding, versatile opportunity for investors or owner-occupiers seeking a flexible and strategically zoned retail location.Prospective parties are encouraged to verify all permitted uses and regulations via the city's official zoning map at: www.traversecitymi.gov/government/city-departments/planning-and-zoning/zoning-map.html. Showings are by appointment only.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
B
Year Built
2021
Price
$470,000
Price Per SF
$195.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.26 AC
Zoning
B-1
Parking
6 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 51-778-104-10 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $325,400 |
PROPERTY TAXES
Parcel Number
51-778-104-10
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$325,400
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