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    Traverse City, MI
    Drug Store

    Traverse City, MI Drug Stores for Sale

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    Cedar, MI Williamsburg, MI Acme, MI Grawn, MI Suttons Bay, MI Interlochen, MI Lake Leelanau, MI Maple City, MI
    Former Drug Store Building
    Updated: Jun 23, 2025
    Former Drug Store Building

    1104 E Front St, Traverse City, MI 49686

    $2,995,000
    12,554 sqft
    12,554‑square‑foot former drug store built in 2017
    C‑3, Community Center District zoning
    Intersection location at Front St. (US 31) and M‑37 (Garfield Ave.)
    Shared lot with Starbucks and Hungry Howie’s
    One mile east of downtown Traverse City; one half mile from three educational institutions
    View details
    Walgreens Drug Store with Drive-Through
    Updated: Apr 12
    Walgreens Drug Store with Drive-Through

    975 W South Airport Rd, Traverse City, MI 49686

    Contact for pricing
    13,580 sqft 2.58 AC lot
    Single‑tenant Walgreens drug store at 975 W South Airport Road
    13,580‑square‑foot building on a 2.58‑acre parcel
    Approximately 9 years remaining on the NNN lease
    Drive‑through and ample parking
    Nearly 20 years of tenant history
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vitamin Shoppe Investment Property
    Vitamin Shoppe Investment Property

    4875 Bay Rd, Saginaw, MI 48603

    $1,340,000
    3,096 sqft 1.03 AC lot

    3,069 SF Vitamin Shoppe on 1.03 Acres For Sale

    View details
    Drug Store Building with Drive-Through
    Drug Store Building with Drive-Through

    7835 Gratiot Rd, Saginaw, MI 48609

    $395,000
    3,120 sqft

    Former pharmacy improvements offer customer parking, pylon signage, and proximity to established national and local retailers.

    View details
    Retail Building with Drive-Through
    Retail Building with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    14,820 sqft 1.89 AC lot

    Single-story retail building with drive-through, ADA features, fire suppression, and roll-up receiving doors.

    View details
    Drive-Through Retail Pharmacy Building
    Drive-Through Retail Pharmacy Building

    1420 Wright Avenue Unit SourceFi, Alma, MI 48801

    $2,600,000
    14,820 sqft

    Freestanding NNN retail building with a drive-through area, ADA-compliant access, and roll-up receiving doors.

    View details

    Off-Market Properties in Traverse City, MI

    Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    916 Us Hwy 31st S
    DRUG STORE, PHARMACY

    916 Us Hwy 31st S, Traverse City, MI 49685-8019

    $400,000
    Estimated value
    7,040 sqft 2.37 AC lot
    View details
    341 Frnt St
    DRUG STORE, PHARMACY

    341 Frnt St, Traverse City, MI 49684-2203

    $385,000
    Estimated value
    1,142 sqft 0.49 AC lot
    View details

    Traverse City, MI Drug Stores Market Trends and Statistics

    Explore 4 drug stores for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 26,134 square feet of properties for sale, with an estimated market value of $2,995,000.

    Sale prices for pharmacies in Traverse City, MI average $2,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 29
    Shopping centers 11
    Automotive properties 9
    Showrooms 9
    Auto shops 7

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

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    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 2,500 to 5,000 square foot range.

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    • 49686

    Featured Traverse City Real Estate Agencies

    Realmo connects you with licensed Traverse City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Re/max Bayshore Properties
    500 South Union St. Traverse City, MI 49684
    Phone: 12319415600
    Keller Williams Northern Michigan
    830 E. Front Street, Suite 110 Traverse City, MI
    Phone: 12319478200

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