Freestanding Retail Building with Mezzanine
For Lease
$9,850/Mo
274 N US-31 S, Traverse City, MI 49685
Commercial, Traverse City, MI
Space Size3,904 SF - 8,025 SF
Lot Size2.90 Acres
Days on Market561
Property Features for 274 N US-31 S
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Steel
Lot features
Corner Lot, Freestanding
Directions
Northeast corner of US 31 S and Sundowner Dr.
Subdivision
Grand Traverse
Standard status
Active
Size
8,025 SF
Lot size
2.90 Acres
Taxes and HOA fees
Tax Description
COM W1/4 COR SEC 33 T27N R11W TH S 1000 TO POB TH S 414' TH E 305' TH N 414' TH W 305' TO POB EXC HWY ROW
Legal Description
COM W1/4 COR SEC 33 T27N R11W TH S 1000 TO POB TH S 414' TH E 305' TH N 414' TH W 305' TO POB EXC HWY ROW
Utilities
Water source
Private
Amenities
Mezzanine offices
overhead doors
16' ceiling height
outside display space
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
David Frost · License #6501203019
(231) 620-5705
Added: Feb 19, 2025
Changed: Sep 2
Last Checked: Sep 3 at 10:06PM
MLS# 1930940
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This retail property includes a 6,956-square-foot main level, an additional 1,069-square-foot second level, and a total building area of 8,025 square feet. The open sales floor is complemented by mezzanine offices, a 16-foot ceiling, and four rear overhead doors measuring 14 feet by 14 feet. The building has been remodeled and features steel exterior construction, frame construction materials, and an asphalt roof.
The 2.89-acre parcel provides 414 feet along US 31 South and 304 feet along Sundowner Drive. Access is available from US-31, with a parking lot and room for outdoor product display. US 31 South recorded 24,154 cars per day in 2025. The property is also available in two configurations: Unit A at 3,904 square feet or Unit B at 4,121 square feet.
The 2.89-acre parcel provides 414 feet along US 31 South and 304 feet along Sundowner Drive. Access is available from US-31, with a parking lot and room for outdoor product display. US 31 South recorded 24,154 cars per day in 2025. The property is also available in two configurations: Unit A at 3,904 square feet or Unit B at 4,121 square feet.
Key Highlights
- 8,025‑square‑foot retail building with 6,956 square feet on the main level and 1,069 square feet upstairs
- 2.89‑acre parcel with 414 feet of US 31 South frontage and 304 feet on Sundowner Drive
- Four rear 14' X14' overhead doors and a 16' ceiling height
Property Analytics
Property Profile
Current Use
Lease Details
24,154 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.21 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
Market
Lease Benchmarks for Traverse City, MI
$21.68 /SF/Yr
Avg Asking Price
$10–$35 /SF/Yr
Price Range
4,782 SF
Avg Space Size
This space is priced 32% below the average of $21.68 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Remodeled retail facility with substantial display area, rear loading access, and ample on-site parking.
Where is this retail space located?
The property is located at 274 N US-31 S Traverse City, MI.
What is the lease rate?
The lease rate is $9,850/Mo.
What are key features of this property?
This property features: 8,025‑square‑foot retail building with 6,956 square feet on the main level and 1,069 square feet upstairs; 2.89‑acre parcel with 414 feet of US 31 South frontage and 304 feet on Sundowner Drive; Four rear 14' X14' overhead doors and a 16' ceiling height
