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    903 Us Highway 31 S Traverse City, MI 49686

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    For Lease
    $3,000 /Mo ($18 SF/Yr)

    Highly visible retail or restaurant space on US-31 Corridor.

    Property size:
    1,988 SF
    Lot size:
    0.68 Acres

    Property Features for 903 Us Highway 31 S

    General Information

    Size
    1,988 SF
    Lot size
    0.68 Acres

    Source: Three West Commercial Agent Kevin Endres, PE, SIOR, CCIM

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

    Overview

    Traverse City Retail/Restaurant Space

    This 1,988-square-foot space is located on the high-traffic US-31 Corridor, which sees 25,000 cars per day. The property offers street-level retail space with customer parking. Private employee parking is available in the back. The wide-open interior is suitable for a commercial restaurant or retail showroom.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sweet Fire Tobacco Tobacco Shop

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Pharmacy Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6773
    Latitude
    44.668029

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    FAQs

    What type of property is this?
    Retail space - Highly visible retail or restaurant space on US-31 Corridor.
    Where is this retail space located?
    The property is located at 903 Us Highway 31 S Traverse City, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location on the US-31 Corridor with high-traffic (25,000 cars per day); - Street-level retail space; - Customer parking available
    (231) 534-5225
    Request Owner's contact information
    903 Us Highway 31 S Traverse City, MI 49686
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    Traverse City, MI 49686
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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
    903 Us Highway 31 S Traverse City, MI 49686
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