About 3520 Rennie School Road
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
Features of 3520 Rennie School Road
| MLS® # | 1921395 |
|---|---|
| Price | $1,350,000 |
| Bathrooms | 0.00 |
| Square Footage | 12,000 |
| Acres | 1.72 |
| Year Built | 1995 |
| Type | Commercial |
| Sub-Type | Income, Commercial Sale |
| Status | Active |
| Association | n/a |
Community Information
| Address | 3520 Rennie School Road |
|---|---|
| Subdivision | n/a |
| City | Traverse City |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49685 |
Amenities
| Utilities | WATER: Private Well SEWER: Private Septic |
|---|---|
| Features | Overhead Door(s), Loading Dock(s), Mezzanine |
| Parking | Paved, Parking Lot |
| Is Waterfront | No |
Interior
| Heating | Natural Gas, Forced Air, Space Heater |
|---|---|
| Has Basement | No |
| Basement | Slab |
Exterior
| Exterior Features | Steel |
|---|---|
| Lot Description | 250x300 |
| Roof | Asphalt |
| Construction | Frame |
Additional Information
| Date Listed | April 21st, 2024 |
|---|---|
| Days on Market | 11 |
| Zoning | Industrial, Office, Commercial, Manufacture/Warehouse |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt-522 |
|---|