607 Randolph Street, Traverse City City, MI 49684
NONE · GrandTraverse County
Key Facts
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.
Property Information
Property Type
Business Opportunity
Sub-Type
Business
Year Built
2015
Living Area
1,768 sq ft
Lot Dimensions
150 X 97
Days on Market
531
MLS® Listing#
78080050479
Property Features
Cooling
Heating
Construction
Foundation
Utilities
Sewer
Water Source
Financial Details
Assessed Value
$215,827
Parcel Number
285162800101
Affordability Calculator
$100,446
Estimated monthly payment
$2,673/mo
Principal $401,784 · Est. interest $560,524 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Traverse City City, MI
- $235,130
- Median Listing Price
- 60
- Median Days on Market
- 1,492
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 13,309
- Active Listings
- This home’s price is 114% above the area median.
- Its price per sq ft is 110% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City City, MI.
Location
Points of Interest in Traverse City City, MI
Showing the Traverse City City area map.
Nearby Schools
Traverse City Senior High School
Secondary · 0.1 mi away
Immaculate Conception Elementary School
Elementary · 0.1 mi away
Central Grade School
Elementary · 0.6 mi away
Willow Hill Elementary School
Elementary · 0.6 mi away
Holy Angels Elementary School
Elementary · 0.9 mi away
St Francis High School
Secondary · 0.9 mi away
Grand Traverse Area Catholic Schools
Elementary · 0.9 mi away
Trinity Lutheran Church & School, LCMS
Elementary · 1.0 mi away
Glenn Loomis Elementary School
Elementary · 1.0 mi away
Tcaps Montessori School
Elementary · 1.0 mi away
Traverse City Elementary School
Elementary · 1.0 mi away
New Campus Center
School · 1.2 mi away
Greenspire School
Secondary · 1.2 mi away
Traverse Bay Area Isd
School · 1.2 mi away
Tcaps Montessori School
Elementary · 1.6 mi away
Bethlehem Nursery School
Elementary · 1.9 mi away
Norris Elementary School
Elementary · 1.9 mi away
West Middle School
Secondary · 1.9 mi away
Oak Park Elementary School
Elementary · 1.9 mi away
Traverse Heights Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 820 McReynolds Avenue NW, Grand Rapids City, MI | $352,000 | 4 | — | — |
| 865 Grant Avenue, Clawson City, MI | $352,500 | 3 | 2 | 1,596 |
| 1320 E Lincoln, Mt Pleasant City, MI | $354,000 | 4 | 2 | 2,531 |
| 2877 E Highgate Street SE 79, Kentwood City, MI | $354,161 | 3 | 3 | 1,862 |
| 22502 Beach Street, St Clair Shores City, MI | $354,500 | 3 | 2 | 1,650 |
| 383 Pinery Lane, Fremont City, MI | $354,900 | 4 | 3 | 1,910 |
Moving Cost Estimate
EXIT Agents in Traverse City City
Listing Courtesy: Three West, LLC - 2319292955
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