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    2751 N Us-31 S Traverse City, MI 49684

    For Sale
    $2,200,000

    Automotive Service,Restaurant/Food Service,Medical/Dental,Office Building,Retail Store,Wholesale,Service,Religious,Other,Convenience Store

    Property size:
    13,550 SF
    Lot size:
    1.28 Acres
    Days on Market:
    214
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 2751 N Us-31 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    7
    Basement Y/N
    1
    Size
    13,550 SF
    Lot size
    1.28 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Roof type
    Membrane
    Architectural style
    Other

    Twin Bay Properties, LLC (231) 357-7800 [email protected]

    Listing agent David Cutler (231) 357-7800

    Listing date May 7, 2025

    MLS# 1933364 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

    High-Visibility Commercial Property on US-31

    This multi-tenant commercial property is located on South US-31, offering high visibility, substantial traffic, and accessibility for both customers and tenants. The building, totaling 13550 square feet on a 1.28-acre lot, is configured into four separate units. Two units are currently tenant-occupied and generating rental income, while the other two are vacant and available for immediate use. The property is suitable for investors seeking immediate cash flow with additional leasing opportunities, or for owner-occupants who can utilize the vacant space while benefiting from rental income. The flexible layout can accommodate various uses, including office, retail, or service-based businesses, automotive service, restaurant/food service, medical/dental, wholesale, service, religious purposes, or use as a convenience store. The property features on-site parking and signage options. Situated minutes from downtown Traverse City in an established commercial area within Grand Traverse County, Michigan, this property offers a versatile asset in a desirable business corridor.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.646835
    Latitude
    44.728079

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    FAQs

    What type of property is this?
    Retail space - Income-producing commercial property on a busy Traverse City corridor.
    Where is this retail space located?
    The property is located at 2751 N Us-31 S Traverse City, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - High-visibility location on South US-31 with high traffic counts.; - Income-producing with two tenant-occupied units providing immediate cash flow.; - **Two vacant units offer immediate use for owner-occupant or additional leasing upside.**
    (231) 357-7800
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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
    2751 N Us-31 S Traverse City, MI 49684
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