1525-1545 S Division Street $4,250,000

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    1525-1545 S Division Street Traverse City, MI 49684

    • 3.50 Acres
    • Commercial
    MLS# 1866113 | Active
    Days On Market: 58 13 Views
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    Property Details

    Great opportunity to own a 30,336 sq. ft. strip mall in fantastic location in Traverse City. This is also in the Opportunity Zone offering tax incentives to tenants and buyers. Strong mix of local and national franchise tenants include SVS Vision, T-Mobile, Biggby Coffee & Little Caesars Pizza. This offering is for Buildings A, B & C (units 101-122), but each building is also for sale individually and can be condominiumized prior to closing. Buildings B & C are fully leased and A has 12,000 SF available for the buyer to use, lease or redevelop at closing. This strip mall offers great exposure and an easy to find location. Good parking and high traffic counts.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl No
      • Business Name Kids Creek Market Place
      • Type of Ownership Private Owner
      • Approx Year Built 2001
      • Type Retail/Commercial
      • Town T 27N
      • Township Traverse City
      • Present Use Restaurant/Food Service,Office Building,Retail Store
    • Building Features
      • Extras None
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Metal
      • Heating Cooling Type Forced Air, Central Air
      • Apx Total Fin SQFT 30,336
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free No Steps Entry
      • Road Public Maintained, Blacktop
      • Sewer Municipal
      • Parking Paved, Parking Lot
      • Exterior Features Brick
      • Construction Brick, Block
      • Lot Dimensions Irregular
      • Location Shopping Center, Freestanding

    Contact

    Matthew Dakoske

    Team Leader

    RE/MAX Bayshore

    Cell: 231-590-7722

    Neighborhood

    49684 (Traverse City) Demographics

    42Median Age
    393Population Density (per sq. mile)
    45%College Educated
    $53,143 Estimated Median Income
    11,866Estimated Total Home Owners
    4,086Estimated Total Renters
    74% / 26%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    39,614Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $287,065 Median Sales Price
    38 Homes Sold
    56 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,250,000
        8/19/2019 4:31:40 AM Status Changed Source New Value: Active
        8/16/2019 1:32:00 PM New in Database Source

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