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Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $152
Subdivision The Box
MLS Listing ID 78001327881
Sold Date 01/21/22
Year Built 1920
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 66X165
Property Sub-Type Commercial
Source Aspire North REALTORS®
Property Description
One of downtown Traverse City's most unique and chic mixed-use real estate opportunities! The Box, as it is aptly named (the building was once a cigar box factory) is located on the up-and-coming 8th Street corridor, which the city just completely revamped with $7M worth of improvements. Currently, the main floor of The Box is used as a home & investment property with businesses leasing the lower level (a boutique wellness/fitness company) and the upper level (a work-sharing space for non-profits). There's also a fabulous studio condo above the two car garage, currently used as a short term rental. In between the main building and the detached garage is a beautifully landscaped courtyard with fire-pit and lounge seating. Opportunities abound here... easy to modify the space for new owners with different uses. Keep the main floor as your main residence and enjoy the income from leasing the upper/lower levels and studio condo.. convert the main floor to commercial space (would make a gre
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial,Residential
Interior
Heating Forced Air, Zoned, Central Air
Heat Source Natural Gas
Exterior
Utilities Available Elevator
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Additional Building Other
Structure Type Block/Concrete/Masonry,Other,Steel
Schools
School District Traverse City
Others
Tax ID 285179807600
Ownership Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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Bought with Coldwell Banker Schmidt-522
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