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    274 N Us 31 Traverse City, MI

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    For Sale
    $1,985,000

    Highly visible retail building with frontage on US 31 South.

    Property size:
    8,250 SF
    Lot size:
    1.50 Acres

    Property Features for 274 N Us 31

    General Information

    Size
    8,250 SF
    Lot size
    1.50 Acres

    Source: Three West Commercial Agent David Frost

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Traverse City Retail Building For Sale

    This highly visible property features a 2.89-acre parcel with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive. The retail building offers 7,104 square feet with an additional 1,146 square feet on the second level, totaling 8,250 square feet. The building includes 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 ready for a new tenant or owner-occupied use.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    Darling Botanical Company, The Flower Station

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6206317
    Latitude
    44.7630567

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    FAQs

    What type of property is this?
    Storefront property - Highly visible retail building with frontage on US 31 South.
    Where is this storefront property located?
    The property is located at 274 N Us 31 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 (2023).; - Large **8,250 Sq Ft retail building** (7,104 Sq Ft on first level plus 1,146 Sq Ft on second level).; - Easy ingress/egress on US-31.
    (231) 929-2955
    Request Owner's contact information
    274 N Us 31 Traverse City, MI
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    Traverse City, MI
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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
    274 N Us 31 Traverse City, MI
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