$2,175,000
( $263.64Per Sq Foot )
 $11,676 est/mo Sourced by Back At You

274 N Us-31 S , Traverse City, MI 49685

Traverse City, MI 49685

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Description

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 14â X14â overhead doors in rear of building. 16â ceiling height. Mezzanine offices overlook sales floor. Nicely remodeled. Plenty of parking with tremendous space for outside display. US 31 South had 24,758 cars per day in 2022. 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.

Details

MLS#80014026
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1983
Days On Site401
Listing Provided ByThree West, LLC | David Frost

Features

SQ Feet8,250
ZoningCommercial
Acreage2.90
Water FrontYes

Market Activity 49685

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MiRealSource MLS.

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Learn More About This Property

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49685
AreaGarfield Twp (28005)
Listing VS Median (in 49685)
Price:
$2,175,000
low | high
Med:
$399,900
100% of Average
SqFt:
8,250
low | high
Med:
1,462
100% of Average
$ / SqFt:
$264
low | high
Med:
$274
46.247464503043% of Average
On Site:
401
low | high
Med:
215.000000
100% of Average
Sourced by Back At You
Listing Updated: February 1, 2025 at 5:39:00 AM PST