- For Sale $4,300,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 58,263 SF
- Lot Size 3.46 Acre
- Property Tenancy Multi-Tenant
- Year Built 1953
- Year Renovated 2008
- Date Updated Apr 13, 2026
- Dock High Doors 3
- Grade Level Doors 4
- Office Area 4,700 SF
- Electricity Service 800 / 480V / 3 Phase
- Fire Sprinklers Other
- HVAC None
Description
Located in an industrial area just off of a main throughfare of S. Airport and Cass St in Traverse City, MI.100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.8% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Highlights
- 100% leased industrial/warehouse building with 5 tenants
- Offered at an 7.8% Cap rate with upside potential in the lease rates.
- Owner would vacate their unit, freeing up 15,000 SF, if buyer wanted to use part of the building
- Sale includes 2 parcels totaling 3.4 acres
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Contacts
Dan Stiebel
Schmidt Realtors
Location
Contact Listing Broker
Dan Stiebel
Schmidt Realtors
