102 W Front Street
Traverse City, MI 49684
MLS #1836917

Commercial
  • 29,383sq ft
$5,700,000
Est. P&I payment: $21770.14/mo
102 W Front Street, Traverse City, MI 49684
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Description for 102 W Front Street, Traverse City, MI 49684
This iconic Traverse City landmark stands 100' tall and has been photographed from every direction in advertisements for downtown Traverse City. It was built by lumber baron Perry Hannah, the “father” of Traverse City, and was designed by his son, Julius. The building’s hallmark is the clock tower which has four clock faces that are five feet in diameter each. Fifth Third Bank will remain on two floors of the building leasing back the space from the future new owner and the remaining two floors will be available for other tenants or a new owner to occupy. The building has four floors, a mezzanine and a full basement. The site is 0.6 acres and has 36 parking spaces on site. The building has incredible views in every direction, overlooking Grand Traverse Bay, the Boardman River and downtown Traverse City. This is an investment opportunity of a lifetime!
MLS #1836917
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My Notes for MLS #1836917

General Features

  • Property Type: Mixed Use
  • Total Finished SqFt: 29,383
  • Number of Acres: 0.6
  • Lot Dimensions: 139 x 188
  • Approx Year Built: 1903
  • Zoning: Office,​Retail,​Commercial,​Restaurant/Food

Exterior Features

  • Vacant Land: No
  • Roof: Asphalt,​Membrane
  • Exterior Features: Brick
  • Parking: Off Site,​Parking Lot,​Street Parking

Utilities Features

  • Heating/Cooling Source: Natural Gas
  • Heating/Cooling Type: Forced Air,​Central Air
  • Water: Municipal Water
  • Sewer: Municipal

Financial Features

  • Sale/Rent: For Sale
  • Price Per SQFT: 193.99
  • Sale or Lease: For Sale
  • Type of Ownership: Bank Owned
  • Variable Rate: Yes
  • Terms: Commercial Loan,​Cash,​1031 Exchange,​Sale/Leaseback
  • Included in Lease: Other

Community Features

  • Development Name: Fifth Third Bank Building

Misc Features

  • Deeded Waterfront: No
  • Business Name: Fifth Third Bank
  • Year Remodeled: 2012
  • ECO Features: No
  • Business Included: No
  • Real Estate Included: Yes
  • Inventory Included: No
  • Present Use: Medical/Dental,​Office Building,​Retail Store
  • Foundation: Full
  • Possession: At Closing,​Subject to Tenants Rights
  • Construction: Brick

Location

 
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Directions to 102 W Front Street, Traverse City, MI 49684
Downtown on the NW corner of Front Street & Union Street.
Listing information for 102 W Front Street, Traverse City, MI 49684 was graciously provided by our friends at the listing brokerage, Coldwell Banker Schmidt-522 522 E Front St, Traverse City, MI 49686

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P&I Payment $21770.14
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Last Updated 12/13/2017 at 7:16pm
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