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    274 N Us-31 S Traverse City, MI 49685

    For Sale
    $1,985,000

    Manufacture/Warehouse,Retail Store,Service - Traverse City, MI

    Property size:
    8,250 SF
    Lot size:
    2.90 Acres
    Days on Market:
    139
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 274 N Us-31 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    8,250 SF
    Lot size
    2.90 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1983
    Roof type
    Asphalt
    Architectural style
    Other

    Three West, LLC (231) 929-2955 [email protected]

    Listing agent David Frost (231) 929-2955

    Listing date Jul 29, 2025

    MLS# 1918655 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 Retail/Warehouse Opportunity

    This commercial property features a highly visible 2.89-acre parcel with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive. The 8,250 square foot building includes 7,104 square feet on the main level and an additional 1,146 square feet on the second level. The building features four 14’ x 14’ overhead doors in the rear and a 16’ ceiling height. Mezzanine offices overlook the sales floor. The property has been remodeled and provides ample parking with space for outside display. US 31 South had a traffic count of 25,600 cars per day in 2023. The property is currently leased to two tenants, generating an annual rental income of $158,244 NNN. One tenant is departing, and the other can be relocated, making the property suitable for a new tenant or owner-occupied use. The property is zoned commercial and is located in Traverse City, MI.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    Darling Botanical Company, Mourning Wreaths, The Flower Station

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.655578693115
    Latitude
    44.690375820773

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    FAQs

    What type of property is this?
    Storefront property - Highly visible commercial property with income potential in Traverse City.
    Where is this storefront property located?
    The property is located at 274 N Us-31 S Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,985,000.
    What are key features of this property?
    This property features: - High visibility location with 414 feet of frontage on US 31 South and 25,600 cars per day.; - Significant income potential with current lease at $158,244 annually (NNN).; - Large, versatile 8,250 Sq Ft building.
    (231) 929-2955
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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

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    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
    274 N Us-31 S Traverse City, MI 49685
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