PRIME MULTIUSER OFFICE BUILDING & DOWNTOWN DEVELOPMENT SITE

Investment Overview

An iconic commercial office space situated at the high-visibility Eastern entrance to downtown Traverse City. Featuring a dramatic price reduction to move the property quickly, this versatile asset offers over 6,500 SF on the main floor and 1,000 SF of dedicated office suites in the lower level. Designed for maximum flexibility, the layout allows for single-occupant use or seamlessly converts into a multiuser office setup with separate workspace zones. Includes an expansive, dedicated parking lot on-site, an exceptional commodity in downtown Traverse City with direct ingress and egress off Front Street. Don't Forget the Tax Incentives: Both from the city (PILOT) and the State of Michigan (MRCP, MI Community Redevelopment).

Investment Highlights

• Multiuser Capability: Layout accommodates single-tenant corporate headquarters or multiple business tenants seeking premium downtown office suites.
• Brand New Roof (2023): Professionally installed by Summit Point Roofing. Includes a standard lifetime warranty covering both materials and workmanship, featuring a non-prorated 50-year term and extended GAF Master Elite manufacturer protections.
• Move-In Ready Interior: Recently updated interior featuring professional reception, private offices, modern glass partitions, kitchen/breakroom, and conference rooms.
• Ample Onsite Parking: Dedicated parking lot ensuring ease of access for employees and clients.
• Potential for 1-3 Users