Masonic Building

Office: General

100 E Front St, Traverse CityMI 49684

Property Details

Location

Address
100 E Front St, Traverse CityMI 49684
County
Grand Traverse
Submarket
Parcels
51-794-033-00

Building Size

Building Size
Rentable Space
20,411 SF

Building Details

Type
 Office: General
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
Building Class
C
Building Status
Existing
Floors
4
Year Built
1890
Year Renovated
1987
Sprinklers
Yes
Total Parking
13
Parking Ratio

Land & Utilities

Land (Acres)
0.25 Acres
Land (SF)
10,890 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Lot Depth
165 ft
Lot Width
58 ft

Contacts

Current Listings

Masonic Building

20,411 SF$4,000,000

Iconic Building in the heart of downtown Traverse City. Location does not get any better than the corner of East Front Street & Union Street. Building is approx. 20,000 SF (7,000 SF ground floor, 6,500 SF 2nd & 3rd floors, 400 SF 4th floor) with a full 6,500 SF basement. Property has been in the same family for over 50 years and lease rates are far below market rates. Short lease terms gives the buyer an opportunity to capture current market rents for highly sought after retail and office space or redevelop the property and use the 2nd, 3rd & 4th floors for residential condos or Air B&B units. Large windows and lots of light make redevelopment very desirable. Building already has fire sprinklers installed. There are 13 parking spaces in the rear of the building.

Iconic Building in the heart of downtown Traverse City. Location does not get any better than the corner of East Front Street & Union Street. Building is approx. 20,000 SF (7,000 SF ground floor, 6,500 SF 2nd & 3rd floors, 400 SF 4th floor) with a full 6,500 SF basement. Property has been in the same family for over 50 years and lease rates are far below market rates. Short lease terms gives the buyer an opportunity to capture current market rents for highly sought after retail and office space or redevelop the property and use the 2nd, 3rd & 4th floors for residential condos or Air B&B units. Large windows and lots of light make redevelopment very desirable. Building already has fire sprinklers installed. There are 13 parking spaces in the rear of the building.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CPIX

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