This parcel has 200 front feet and 1.14 acres with a curb cut on US 31 South, the busiest road in the Grand Traverse region across from the busiest Meijer store in the state. It includes 2 buildings with tenants and 5 leased storage units. The building to the south has tenants on month to month leases and the storage units are leased on a month to month basis. The other building to the north is leased until 2020 to the U.S. Veterans Administration. The real value of this property is for future development, hence the month to month leases on the south building. This property is within a designated Opportunity Zone created by the Tax Act of 2017. Opportunity Zone designation allows for deferral of capital gains taxes, reduction of capital gains taxes, or elimination of taxes on future gains within certain parameters.
Retail/Commercial, Commercial Sale
WATER: Municipal Water SEWER: Municipal
Natural Gas, Forced Air, Central Air
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