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    305 S Us-31 Traverse City, MI 49685

    For Lease
    $1,400 /Mo ($21 SF/Yr)

    Office Building,Retail Store - Traverse City, MI

    Property size:
    775 SF
    Days on Market:
    51
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 305 S Us-31

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    775 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Roof type
    Metal
    Architectural style
    Other

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

    Listing agent Marty Stevenson (231) 946-4404

    Listing date Oct 24, 2025

    MLS# 1939896 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/Office Space

    This 775-square-foot space is suitable for office or retail use and offers highway visibility at the corner of US-31S and Foster Drive in Traverse City, MI. Situated in the Chums Corners area, the location benefits from a diverse and successful business corridor, surrounded by sales floors, restaurants, and personal and professional services. Previously used as a salon, the property's location at a corner lot and high traffic count of over 25,000 cars per day provide maximum exposure. The Blair Township's CM zoning allows for a large variety of commercial uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.655803
    Latitude
    44.682202

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    FAQs

    What type of property is this?
    Retail space - Retail or office space with highway visibility in Traverse City.
    Where is this retail space located?
    The property is located at 305 S Us-31 Traverse City, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location with over 25,000 cars per day at the corner of US-31S and Foster Drive.; - Highway visibility for maximum business exposure.; - CM zoning allows a large variety of commercial uses.
    (231) 946-4404
    Request Owner's contact information
    305 S Us-31 Traverse City, MI 49685
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    Traverse City, MI 49685
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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
    305 S Us-31 Traverse City, MI 49685
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