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1200 Boon St 1,680 SF Industrial Condo Unit Offered at $225,000 in Traverse City, MI 49686
Investment Highlights
- 1,680 SF Modern Hangar
- Association Fees of $150/month
- Constructed in 2018
Executive Summary
Offered for sale is a heated, insulated “T” hangar at Cherry Capital Airport in Traverse City, Michigan, conveyed as co-op shares with exclusive rights to Unit 2 rather than fee ownership of the underlying real estate. The hangar measures approximately 42 feet wide by 40 feet deep with a 13-foot clear door height, accommodating a variety of general aviation aircraft in a secure, private space. Interior features include durable epoxy floors, convenient access to a shared restroom, and direct positioning on the airfield at TVC, a busy regional hub serving both commercial and general aviation traffic in Northern Michigan, which is undergoing a major $120M expansion.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 28-51-898-012-00 |
| No. Parking Spaces | 1 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 28-51-898-012-00 |
Description
The hangar measures approximately 42 feet wide by 40 feet deep with a 13-foot clear door height, accommodating a variety of general aviation aircraft in a secure, private space. Interior features include durable epoxy floors, convenient access to a shared restroom, and direct positioning on the airfield at TVC, a busy regional hub serving both commercial and general aviation traffic in Northern Michigan, which is undergoing a major $120M expansion.
Sale Notes
Offered for sale is a heated, insulated “T” hangar at Cherry Capital Airport in Traverse City, Michigan, conveyed as co-op shares with exclusive rights to Unit 2 rather than fee ownership of the underlying real estate.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Unit 2 | 1,680 SF | Industrial | $225,000 ($133.93/SF) | - |
Unit Unit 2
| Unit Size |
| 1,680 SF |
| Condo Use |
| Industrial |
| Price |
| $225,000 ($133.93/SF) |
| NOI |
| - |
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Unit Unit 2
| Unit Size | 1,680 SF |
| Condo Use | Industrial |
| Price | $225,000 ($133.93/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 28-51-898-012-00 |
| Description | |
| The hangar measures approximately 42 feet wide by 40 feet deep with a 13-foot clear door height, accommodating a variety of general aviation aircraft in a secure, private space. Interior features include durable epoxy floors, convenient access to a shared restroom, and direct positioning on the airfield at TVC, a busy regional hub serving both commercial and general aviation traffic in Northern Michigan, which is undergoing a major $120M expansion.</li></ul> | |
| Sale Notes | |
| Offered for sale is a heated, insulated “T” hangar at Cherry Capital Airport in Traverse City, Michigan, conveyed as co-op shares with exclusive rights to Unit 2 rather than fee ownership of the underlying real estate.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 16,800 SF | Floors | 1 |
| Property Type | Specialty (Condo) | Typical Floor Size | 16,800 SF |
| Property Subtype | Airplane Hangar | Year Built | 2018 |
| Building Class | C | Lot Size | 0.46 AC |
| Zoning | TVC - Transportation / Airport | ||
| Total Building Size | 16,800 SF |
| Property Type | Specialty (Condo) |
| Property Subtype | Airplane Hangar |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 16,800 SF |
| Year Built | 2018 |
| Lot Size | 0.46 AC |
| Zoning | TVC - Transportation / Airport |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1200 Boon St
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