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Mixed-Use Retail and Office Space
For Lease
$1,550/Mo

1321 W South Airport Road, Traverse City, MI 49686

The interior can be adapted from its current retail and office configuration to suit a tenant’s needs.

Space SizeContact for details
Property Size1,216 SF
Days on Market716

Property Features for 1321 W South Airport Road

General Information

Standard status Active
Size 1,216 SF
Zoning Retail, Commercial

Lease Terms

Lease Rate $1,550 /MO
Monthly Rent $1,550

Additional Details

Space Use Retail

Building Details

Building Size 1,216 SF
Year Built 1977
Listing Agency: CENTRAL REAL ESTATE MT PLEASANT, INC.
Listed By: Dave Zamarron · License #6502102202
Source: Centralmirealty
Added: Nov 21, 2024 Changed: Nov 4 Last Checked: Nov 4 at 2:33PM

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 CENTRAL REAL ESTATE MT PLEASANT, INC.

Rey
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Investment Insights

Based on property information with market context.

This 1,216-square-foot mixed-use property is currently arranged for retail and office use. Its interior can be redesigned, and the building, constructed in 1977, has a recently refreshed façade.

Located at 1321 W South Airport Road in Traverse City, the property sits along a corridor with an MDOT traffic count of 26,920 to 28,244 vehicles per day.

Key Highlights

  • 1,216 square feet with retail and office areas
  • Interior layout can be redesigned
  • MDOT traffic count ranges from 26,920 to 28,244 vehicles per day

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Barber Shop (Bike/Boat/Book/etc) Store Daycare Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby
210k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Shops & Services 18% Superstores 18% Groceries 8%
Big Lots Superstores
37,283 visits/mo 0.2 miles
Shell Shops & Services
18,854 visits/mo 0.2 miles
Taco Bell Dining
18,195 visits/mo 0.2 miles
Gordon Food Service Groceries
17,515 visits/mo 0.2 miles
Burger King Dining
16,904 visits/mo 0.3 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The interior can be adapted from its current retail and office configuration to suit a tenant’s needs.
Where is this mixed-use property located?
The property is located at 1321 W South Airport Road Traverse City, MI.
What is the lease rate?
The lease rate is $1,550/Mo.
What are key features of this property?
This property features: 1,216 square feet with retail and office areas; Interior layout can be redesigned; MDOT traffic count ranges from 26,920 to 28,244 vehicles per day
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