607 Randolph St Ste 101

607 Randolph St Ste 101 Traverse City, MI 49684

607 Randolph St Ste 101, Traverse City, MI, 49684
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$502,230
Last Verified:
Nov 17, 2024

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Highlights

  • Fully Leased Investment
  • Zoned Commercial C-2
  • Large Windows with lots of Natural Light
  • Close to the Water & Downtown

Description

This Class A professional office space is located just steps away from West Grand Traverse Bay in the heart of Traverse City. A prime investment opportunity for discerning office building investors. This 1,768 SF property, constructed in 2015 and zoned Commercial C-2, offers 100% occupancy in the thriving Traverse City area. With a contemporary design and a focus on modern functionality, this fully leased asset provides an ideal setting for office space, catering to the needs of today's business environment. Positioned for success and offering stability through full occupancy, this property represents a compelling opportunity to secure a high-performing asset in a sought-after location. Don't miss the chance to elevate your investment portfolio with this turnkey opportunity. Tenant's initial lease term ends in March of 2026. Tenant has two 3-year options to renew.

South side of Randolph St between N Maple St and N Division St.


Year Built: 2015
Building Size: 1768sq ft
Building Class: A
Lot Size: 0.34 acres


Documents

Sale Brochure
First Amendment to Amended and Restated Master Deed - RECORDED.pdf

Map of 607 Randolph St Ste 101, Traverse City, MI, 49684

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

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

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.