431 Munson Ave, Traverse City, MI 49686

431 Munson Ave, Traverse City, MI 49686
Price: $1,250,000
Building Size: 9,067 SF
Price/SF: $137.86
Property Type: Office
Property Sub-type: Medical Office
Property Use Type: Net Lease Investment with 1 years left on lease
Cap Rate: 9.10%
Occupancy: 60%
Building Class: C
Tenancy: Multiple
Lot Size: 1.30 AC
APN / Parcel ID: 51-101-048-10

Professional office building in a great location on Munson Ave. Offering easy access, great parking, visibility and signage. Currently there are 5 medical/dental suites in the building with 3 leased and 2 vacant. This is a great value add investment opportunity or long term redevelopment property. Parking is fantastic with 52 parking spaces (1 per 175 SF of space) on this 1.3 acre lot.

Great visibility on busy Munson Ave.