Entertainment Property in Cherryland
For Sale
$7,500,000
1212 W South Airport Rd, Traverse City, MI 49686
High-visibility entertainment property with indoor go-kart track and restaurant.
Property Size101,386 SF
Price / SF$73.97
Days on Market87
Property Features for 1212 W South Airport Rd
General Information
Standard status
Active
Size
101,386 SF
Listing Agency:
Coldwell Banker Schmidt Traverse City
(231) 929-7985
Listed By:
Mark Hagan · License #6506006708
(231) 929-7985
Source:
Exprealty
Added: May 26
Changed: Aug 13
Last Checked: Aug 17 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Traverse City
Investment Insights
Based on property information with market context.
Located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road, this commercial entertainment property currently operates as K1 Speed Traverse City. The purpose-built facility features an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. The property has 459 parking spaces and direct exposure along one of Traverse City’s most active commercial corridors. The property size is 101386 square feet.
Key Highlights
- High‑visibility commercial property in Cherryland Center at the corner of Garfield Avenue and South Airport Road.
- Proven, year‑round entertainment concept currently operating as K1 Speed Traverse City with indoor electric go‑kart track.
- Includes an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
211k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 19%
Superstores 18%
Groceries 8%
Big Lots
Superstores
37,283 visits/mo
0.1 miles
Shell
Shops & Services
18,854 visits/mo
0.3 miles
Taco Bell
Dining
18,195 visits/mo
0.3 miles
Gordon Food Service
Groceries
17,515 visits/mo
0.3 miles
Burger King
Dining
16,904 visits/mo
0.1 miles
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Race track - High-visibility entertainment property with indoor go-kart track and restaurant.
Where is this race track located?
The property is located at 1212 W South Airport Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: High‑visibility commercial property in Cherryland Center at the corner of Garfield Avenue and South Airport Road.; Proven, year‑round entertainment concept currently operating as K1 Speed Traverse City with indoor electric go‑kart track.; Includes an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events.
