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    114 E Griffin St Traverse City, MI 49684

    New
    For Sale
    $685,000

    Automotive Service,Retail Store,Service,Other - Traverse City, MI

    Property size:
    4,789 SF
    Lot size:
    0.32 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 114 E Griffin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential,Office,Retail,Commercial,Restaurant/Food,Motel/Hotel,Automotive Service
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Bathrooms
    2
    Basement Y/N
    1
    Size
    4,789 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1962
    Building materials
    Brick
    Roof type
    Membrane, Metal
    Architectural style
    Other

    EXIT Realty Paramount (231) 946-4404 [email protected]

    Listing agent Marty Stevenson (231) 946-4404

    Listing date Dec 9, 2025

    MLS# 1940581 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Traverse City Redevelopment Opportunity

    This 0.32-acre property, located adjacent to the 14th Street corridor in Traverse City, Michigan, presents a redevelopment or re-use opportunity. The site features a 4,789-square-foot block building. Its C-3 zoning allows for a variety of uses, including drive-thru restaurants, multi-family housing, microbrewery/brew pub, convenience stores, service stations, veterinary offices, drinking establishments, offices, and retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jack´s Auto Sales ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    ATM (East Traverse Catholic Fed CU)

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.622582
    Latitude
    44.752103

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    FAQs

    What type of property is this?
    Automotive property - Redevelopment or re-use project in Traverse City, Michigan.
    Where is this automotive property located?
    The property is located at 114 E Griffin St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in bustling Traverse City.; - C-3 zoning allows for diverse uses including drive-thru, multi-family, brewery, and retail.; - Located adjacent to the high-traffic 14th Street corridor.
    (231) 946-4404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 E Griffin St Traverse City, MI 49684
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