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274 US-31 S, Traverse City, MI

Price: $2,175,000.00
Square Ft.: 8250
Price/SQFT: $263.64

Highly visible, 2.89 acre Parcel with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive. Large open retail building with great visibility and easy ingress/egress on US-31. The building is 7,104 Sq Ft with additional 1,146 Sq Ft on second level for a total of 8,250 Sq Ft. Four 14’ X14’ overhead doors in rear of building. 16’ ceiling height. Mezzanine offices overlook sales floor. Nicely remodeled. Plenty of parking with tremendous space for outside display. US 31 South had 25,600 cars per day in 2023. Currently leased to two tenants with an annual rental income of $158,244 NNN. One Tenant is leaving and the other can be moved. Ready for a new tenant or owner occupied use.

Basic Information

MLS ID: 1918655
City: Traverse City
State: MI
ZIP: 49685
Area: Grand Traverse
Acres: 2.9
Square Feet: 8250

Additional Information

  • Basement: Location: Corner Lot,Freestanding
  • Business Included: Manufacture/Warehouse,Retail,Professional Service
  • Lot:
  • Business Name: None
  • Property Status: Active
  • Construction: Frame,Steel
  • Documents: None
  • Zoning: Commercial
  • Possession: Close Of Escrow,Subject To Tenant Rights
  • Dimensions: 414 X 305
  • For Sale Or Lease: Commercial Sale
  • Directions: Northeast corner of US 31 S and Sundowner Dr.
  • Road Frontage:
  • Days On Market: 404
  • Roofing: Asphalt
  • Days On MLS: 404
  • Township: Garfield
  • Financing:
  • Water: Private
  • Floor Type:
  • Licenses: None
  • Heating: Forced Air,Space Heater,Natural Gas
  • Year Built: 1983
  • Cooling: Ductless

Listing courtesy of Three West, LLC, 1131 E. Eighth Street Traverse City, MI 49686

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