801 W Front Street, Traverse City, MI

$500,000

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3

Baths

1,540

Square feet

0.04

Acres

About 801 W Front Street

Income-producing mixed-use investment opportunity on W. Front Street in Traverse City. This fully occupied property features three rental units, including a street-level retail storefront and two residential apartments, providing immediate income with additional long-term value-add potential. Current gross scheduled rental income is $39,600 annually. The retail space is currently leased month-to-month, while both residential units have longer-term leases in place. Located within Traverse City's C-2 Neighborhood Center District, the property offers flexibility for investors, owner-users, or purchasers interested in exploring future repositioning or redevelopment opportunities, subject to applicable municipal approvals. Convenient West Front Street location provides excellent access to downtown Traverse City and the surrounding commercial corridor. Seller financing may be available to qualified purchasers with 20% down, subject to Seller approval and mutually acceptable terms. A unique opportunity to acquire an established mixed-use property offering current cash flow, financing flexibility, and future upside.

Features of 801 W Front Street

MLS® # 1949508
Price $500,000
Bathrooms 3.00
Square Footage 1,540
Acres 0.04
Year Built 1905
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 801 W Front Street
Subdivision none
City Traverse City
County Grand Traverse
State MI
Zip Code 49684

Amenities

Parking Spaces 4
Parking Parking Lot, On Street
Is Waterfront No
Has Pool No

Interior

Heating Hot Water, Natural Gas
Has Basement Yes
Basement Walk-Out Access, Finished, Exterior Entry
Fireplace No

Exterior

Lot Description Corner Lot, Freestanding
Roof Asphalt
Construction Frame, Aluminum Siding, Block
Foundation Block

Additional Information

Days on Market 3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Annually

Listing Details

OfficeREO-TCRandolph-233022

Listing Map

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