274 N Us Highway 31 S Traverse City, MI 49685
Property Features for 274 N Us Highway 31 S
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 2.90 Acres
Building Details
- Year built
- 1983
Source:
Elliman
Listing Agency: Three West, LLC Listing Agent: David J Frost
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Visible Retail Building on US-31
This property features a highly visible 2.89-acre parcel with 414 feet of frontage on US-31 South and 304 feet on Sundowner Drive. The large, open retail building offers great visibility and easy access on US-31. The building encompasses 7,104 square feet with an additional 1,146 square feet on the second level, totaling 8,250 square feet. It includes four 14x14 overhead doors in the rear and a 16-foot ceiling height. Mezzanine offices overlook the sales floor. The property has been remodeled and provides ample parking with significant space for outside display. US-31 South recorded 25,600 cars per day in 2023. The property is currently leased to two tenants, generating an annual rental income of $158,244 NNN. One tenant is departing, and the other can be relocated, making the property ready for a new tenant or owner-occupied use.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.657938
- Latitude
- 44.682153
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Highly visible retail building with frontage on US-31.
Where is this retail space located?
The property is located at 274 N Us Highway 31 S 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, seeing 25,600 cars per day.; - Significant income potential with current annual rental income of $158,244 NNN.; - Large, versatile 8,250 Sq Ft building.
