Homes for sale - 3520 Rennie School Road, Garfield Twp, MI 49685

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Chris Hubel

chris@chrishubel.com +1(248) 568-6030

$ 1,350,000

Est. payment -/mo

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3520 Rennie School Road Garfield Twp, MI 49685

12,000 SqFt

UPDATED:

09/20/2024 04:44 PM

Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $112

MLS Listing ID 78080016749

Originating Board Aspire North REALTORS®

Year Built 1995

Lot Size 1.720 Acres

Acres 1.72

Lot Dimensions 250x300

Property Description

Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.

Location

State MI

County Grand Traverse

Area Garfield Twp

Zoning Commercial,Office,Light Industrial

Interior

Heating Forced Air, Space Heater

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Accessibility Disabled Access

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Frame

Schools

School District Traverse City

Others

Tax ID 0503300740

Ownership Private Owned

Acceptable Financing Cash, Other, Trade/Exchange

Listing Terms Cash, Other, Trade/Exchange

Financing Cash,Other,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traver