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listing
1 of 20
For Sale
$4,900,000
109 E Front Street 116 & 117
Traverse City, MI 49684
Listing Provided Courtesy of Coldwell Banker Schmidt-522
MLS: Northern Great Lakes REALTORS MLS (NGLRMLS)
14,972Sq Ft
Est. Mortgage
$25,393/mo

Investment opportunity in the heart of downtown! 14,972 SF of ground floor space fully leased to long-term tenant, Boyne Country Sports. This offering is for 2 condominiumized units comprising the whole first floor of the historic Hannah Lay Building. The triple net lease has a 5.2% cap rate that will bump up to 6.1% in the renewal period. This highly sought after corner is sure to be a great value investment as lease rates are below market, leaving the investor with upside potential on this once in a lifetime investment.

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Information courtesy of Coldwell Banker Schmidt-522 is subject to verification and is not guaranteed.
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