Remodeled Retail Building with Overhead
For Lease
$9,850/Mo
274 N US-31 S, Traverse City, MI 49685
COMMERCIAL - Traverse City, MI
Space Size8,250 SF
Lot Size2.90 Acres
Days on Market548
Property Features for 274 N US-31 S
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Steel
Lot features
Corner Lot, Freestanding
Directions
Northeast corner of US 31 S and Sundowner Dr.
Subdivision
Grand Traverse
Standard status
Active
Size
8,250 SF
Lot size
2.90 Acres
Taxes and HOA fees
Tax Description
COM W1/4 COR SEC 33 T27N R11W TH S 1000 TO POB TH S 414' TH E 305' TH N 414' TH W 305' TO POB EXC HWY ROW
Legal Description
COM W1/4 COR SEC 33 T27N R11W TH S 1000 TO POB TH S 414' TH E 305' TH N 414' TH W 305' TO POB EXC HWY ROW
Utilities
Water source
Private
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
David Frost · License #6501203019
(231) 929-2955
Added: Feb 19, 2025
Changed: Aug 4
Last Checked: Aug 21 at 2:06AM
MLS# 1930940
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled retail building offers a large open sales floor supported by mezzanine office space overlooking the main area. The property includes a total of 8,250 square feet, consisting of 7,104 square feet on the primary level and an additional 1,146 square feet on the second level. The building is served by four 14' x 14' overhead doors located at the rear, with approximately 16' ceiling height, and it includes ample parking for customers and outside display.
The site is a 2.89-acre parcel with 414 feet of frontage on US-31 South and 304 feet on Sundowner Drive, providing straightforward access and visibility from the main corridor. In 2023, US-31 South was reported at 25,600 cars per day, supporting day-to-day retail exposure.
With its open layout, rear loading access via multiple overhead doors, and office space overlooking the sales floor, this space is a practical fit for retailers that need flexible merchandising space and convenient operational flow. The available parking and room for outside display can also support businesses that rely on customer drive-up and product presentation outdoors.
The site is a 2.89-acre parcel with 414 feet of frontage on US-31 South and 304 feet on Sundowner Drive, providing straightforward access and visibility from the main corridor. In 2023, US-31 South was reported at 25,600 cars per day, supporting day-to-day retail exposure.
With its open layout, rear loading access via multiple overhead doors, and office space overlooking the sales floor, this space is a practical fit for retailers that need flexible merchandising space and convenient operational flow. The available parking and room for outside display can also support businesses that rely on customer drive-up and product presentation outdoors.
Key Highlights
- 2.89‑acre parcel with 414 ft frontage on US 31 South and 304 ft on Sundowner Drive
- 8,250 SF retail building includes 7,104 SF plus an additional 1,146 SF second level
- Four 14' x 14' overhead doors at the rear and 16' ceiling height
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
Market
Lease Benchmarks for Traverse City, MI
$22.35 /SF/Yr
Avg Asking Price
$10–$37 /SF/Yr
Price Range
4,522 SF
Avg Space Size
This space is priced 36% below the average of $22.35 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Remodeled retail facility with rear overhead doors, high ceilings, and second-level office overlooking the sales floor.
Where is this retail space located?
The property is located at 274 N US-31 S Traverse City, MI.
What is the lease rate?
The lease rate is $9,850/Mo.
What are key features of this property?
This property features: 2.89‑acre parcel with 414 ft frontage on US 31 South and 304 ft on Sundowner Drive; 8,250 SF retail building includes 7,104 SF plus an additional 1,146 SF second level; Four 14' x 14' overhead doors at the rear and 16' ceiling height
