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.
MLS# | 80014026 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1983 |
Days On Site | 401 |
Listing Provided By | Three West, LLC | David Frost |
SQ Feet | 8,250 |
---|---|
Zoning | Commercial |
Acreage | 2.90 |
Water Front | Yes |
State | MI |
---|---|
County | Grand Traverse |
City | Traverse City |
Zip Code | 49685 |
Area | Garfield Twp (28005) |
Listing VS Median (in 49685) | |
Price: $2,175,000 low | high Med: $399,900 SqFt: 8,250 low | high Med: 1,462 $ / SqFt: $264 low | high Med: $274 On Site: 401 low | high Med: 215.000000 |