This listing is under contract.

Downtown Office Building

521 S Union St Traverse City, MI 49684

521 S Union St, Traverse City, MI, 49684
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UNDER CONTRACT FOR SALE
Property Type:
Multi Tenant Office
Amount:
$799,000
Last Verified:
Aug 03, 2018

Highlights

  • Highly Sought After Downtown Location
  • Onsite Parking and Street Parking
  • Room to Expand

Description

This great location in Old Town has been the home to the United Way since the 70’s. It has recently been remodeled and is very adaptable for any use. The building is 5,000 square feet plus a 9 car parking lot in back plus 1,544 square foot courtyard next to the building on Union Street. The inside has a lot of flex space that could be used for desks, cubicles, or just about any other need. There is an oversized conference room that could handle an additional use if needed. There is another large room that is currently being used as recreation/entertainment area that could serve any use. There is an entry area from Union Street (could be retail space) as well as two backdoors. In the current configuration there is 9 offices, 3 flex-space areas, two conference rooms, a kitchen, full dry basement and two restrooms. This lot could be maximized by adding structures to the courtyard and the parking lot but has utility as is. This is a rare opportunity to find a large, single story building with additional real estate to go along.

Located on the east side of S Union St between Eighth and Ninth streets.


Year Built: 1947
Building Size: 5000.0sq ft
Building Class: B
Lot Size: 0.23 acres

Map of 521 S Union St, Traverse City, MI, 49684

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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"Incentives" are vital today and in the future because:

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