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116 S Union St
Traverse City, MI 49684
Retail Property For Sale
Investment Highlights
- Prime downtown location
- Residential / Commercial mix
- Two residential units (Unit #1 - 1 bd, 3/4 ba, Unit #2 - 1 bd, 1ba)
- Private parking
- Zoned for multiple uses
- Retail unit with NNN lease in place (expiring Dec, 2023, $20 /sf NNN)
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
B
Year Built
1900
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.06 AC
Zoning
C-4C - Commercial
Parking
4 Spaces (1.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Property Taxes
| Parcel Number | 51-794-007-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $431,000 |
Property Taxes
Parcel Number
51-794-007-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$431,000
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