13561 S West-Bay Shore Drive, Traverse City, MI 49684 (MLS# 16043628)

13561 S West-Bay Shore Drive, Traverse City, MI 49684

$4,600,000

Property Type: Commercial Sale Square Footage: 23,829 Lot Size (sq. ft.): 98,445 Status: Sold

Current Price: $4,600,000 List Date: 8/22/2016 Last Modified: 10/24/2021

Overview

Description

Here is your opportunity to own a prime office building located only 5 minutes from downtown Traverse City with a pre-approval for 150 slip marina. The Grand Traverse area at the present time has a 10 year wait list with 500 boats on the list. This is a stand-alone 23,000 square foot free standing building with a pro forma cap rate of 9.25. Stunning Grand Traverse Bay water views with 634 feet of prime sandy beachfront. . Zoned SC1 allowing for commercial/residential mix use for numerous opportunities. Existing renovations on the building include: acoustical ceiling throughout, electrical, Cat 5 networking throughout , full spectrum ceiling light fixtures, windows on top floor, 80% on second floor, server room with separate cooling system, coffee bar and appliances on 3rd floor...

Supplements: cafeteria and appliances on second floor, fireplace fronts and mantels, light filtering window shades throughout, architectural features (glass block wall, curved wall, tile walls), water/sewer back flow valve installed, dedicated fiber optic to service entire building (ATT), south half of roof replaced summer of 2013 and the north side of the roof ... (Read more)

Listing Details MLS# 16043628

Location Property Info

County: Leelanau
Street #: 13561
Street Direction: S
Street Name: West-Bay Shore
Suffix: Drive
State: MI
Zip Code: 49684

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.26
Lot Square Footage: 98445
Lot Dimensions: irr
Year Built: 1985
Road Frontage: 543.94
Total # Units: 35
# Fin Bldg Lvls: 2
Total # Bldgs: Yes
Total SqFt: 23829
Waterfront: Yes
Body of Water: Grand Traverse Bay
School District: Traverse City
Year Remodeled: 0

Tax Info

Tax ID #: 00403309700
Taxable Value: 1946960
SEV: 2252900
For Tax Year: 2015
Seller's Annual Property Tax: 72762.75
Tax Year: 2015
Spec Assessment & Type: None
Homestead %: 0

Remarks Misc

Directions: North on M-22 just past Carter Rd on right hand side.

Status Change Info

Under Contract Date: 2018-11-30
Sold Date: 2018-12-06
Sold Price/SqFt: 193.04

More Information

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 634

Location & Property Info

Cross Streets: NA
Property Sub-Type: Office
Area: Traverse City - T
Municipality: Elmwood Twp

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 209.82
Prop Avail for Lease?: Yes

Remarks & Misc

Legal: LL in LO

Water Type

Lake: Yes

Water Fea. Amenities

Private Frontage: Yes

Street Type

Paved: Yes

Utilities Attached

Electricity Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional/Office: Yes

Construction Type

Concrete: Yes

Exterior Material

Brick: Yes
Stone: Yes
Wood Siding: Yes

Roofing

Other: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes
Hot Water: Yes

Air Conditioning

Central Air: Yes

Business Includes

Real Estate: Yes

Util Avail at St

Cable Available: Yes

Driveway

Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes
Other: Yes

Property Features

Water Type: Lake Uses: Professional/Office Business Includes: Real Estate Construction Type: Concrete Exterior Material: Brick; Stone; Wood Siding Roofing: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected Util Avail at St: Cable Available Heat Source: Natural Gas Heat Type: Forced Air; Hot Water Air Conditioning: Central Air Driveway: Paved Street Type: Paved Purchase Terms Avail: Cash; Conventional; Other Sale Conditions: None

Documents

Tax Information ›

Listing Office: REAL ESTATE ONE, INC

Listing Agent: Lynne C Moon

Last Updated: October - 24 - 2021

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.