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118 Front St E
Traverse City, MI 49684
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Historic 9,045 SF three Story Building with Full Basement
- 1st floor retail and develop 2nd & 3rd floors into office or residential
- Within the two most desirable blocks of Downtown Traverse City
- An architectural gem in a historic district with possible tax credits
EXECUTIVE SUMMARY
The Iconic Wurzburg Building is now on the market!
Located on the most desirable 2 blocks of downtown Traverse City with over 9,000 SF between 3 floors. Handsome facade of natural wood with bay windows extended onto Front Street and a designated crosswalk in front of the building. The brick exteriors and interior add to the charm of this architectural gem. The brick interior walls could be revealed. With 10ft + ceilings it is prime for developing the upper floors. The full basement, not included in the 9045 SF, provides storage and space for mechanicals. There are (3) private parking spaces sitting behind the building. Ample parking exists behind the building in both metered lots and parking spaces. The space is zoned C-4B for commercial or residential use.
Located on the most desirable 2 blocks of downtown Traverse City with over 9,000 SF between 3 floors. Handsome facade of natural wood with bay windows extended onto Front Street and a designated crosswalk in front of the building. The brick exteriors and interior add to the charm of this architectural gem. The brick interior walls could be revealed. With 10ft + ceilings it is prime for developing the upper floors. The full basement, not included in the 9045 SF, provides storage and space for mechanicals. There are (3) private parking spaces sitting behind the building. Ample parking exists behind the building in both metered lots and parking spaces. The space is zoned C-4B for commercial or residential use.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,045 SF
Building Class
C
Year Built/Renovated
1893/1980
Price
$2,950,000
Price Per SF
$326.15
Tenancy
Single
Building Height
3 Stories
Building FAR
2.08
Lot Size
0.10 AC
Zoning
C-4B - Commercial or Residential use on upper floors.
Parking
3 Spaces (0.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Storage Space
PROPERTY TAXES
| Parcel Number | 51-794-039-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $928,000 |
PROPERTY TAXES
Parcel Number
51-794-039-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$928,000
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