Retail Space with Overhead
New
For Lease
$3,950/Mo
274 N US-31 S, Traverse City, MI 49685
Commercial, Traverse City, MI
Space Size3,904 SF
Lot Size2.90 Acres
Days on Market1
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
3,904 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
Amenities
overhead doors
16' ceiling height
outside display space
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
David Frost · License #6501203019
(231) 620-5705
Added: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# 1950140
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 retail property includes 3,904 square feet arranged across a 2,835-square-foot lower level and a 1,069-square-foot upper level. The open retail and shop layout features 16-foot ceilings, a steel exterior, frame construction, and an asphalt roof. Two rear overhead doors, each measuring 14 feet by 14 feet, support receiving and service access.
The property sits along US-31 South in Traverse City with direct ingress and egress from the corridor. The site encompasses 2.9 acres and includes a parking lot with additional room for outside display. US-31 South recorded 24,154 cars per day in 2025. Additional frontage land may also be negotiated.
The property sits along US-31 South in Traverse City with direct ingress and egress from the corridor. The site encompasses 2.9 acres and includes a parking lot with additional room for outside display. US-31 South recorded 24,154 cars per day in 2025. Additional frontage land may also be negotiated.
Key Highlights
- 3,904 SF retail building with 2,835 SF lower level and 1,069 SF upper level
- Two rear overhead doors measuring 14' X14' each
- 16' ceiling height supports retail and shop functions
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
24,154 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.82 /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
$21.68 /SF/Yr
Avg Asking Price
$10–$35 /SF/Yr
Price Range
4,782 SF
Avg Space Size
This space is priced 44% below the average of $21.68 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open retail space with rear loading access, parking, and room for outside display.
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 $3,950/Mo.
What are key features of this property?
This property features: 3,904 SF retail building with 2,835 SF lower level and 1,069 SF upper level; Two rear overhead doors measuring 14' X14' each; 16' ceiling height supports retail and shop functions
