Fully Occupied NNN Commercial
For Sale
$2,390,000
2751 N US-31 S, Traverse City, MI 49684
Multi-tenant commercial asset with four occupants, true triple-net leases, and annual rent increases.
Property Size13,550 SF
Price / SF$176.38
Days on Market12
Property Features for 2751 N US-31 S
General Information
Standard status
Active
Size
13,550 SF
Property subtype
Industrial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air, Heat Pump
3
Other
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Twin Bay Properties, LLC
(231) 357-7800
Listed By:
David Cutler · License #6502417683
(231) 357-7800
Source:
Xome
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 3:20PM
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 Twin Bay Properties, LLC
Investment Insights
Based on property information with market context.
Built in 1954, this fully occupied commercial property is configured for four tenants and is leased under true triple-net agreements. The leases are newer or recently renewed and include annual rent increases, providing defined lease structures across the tenant roster.
The property fronts US-31 in Garfield Township and sits next to Red Lobster, with Chick-fil-A directly across the corridor. The surrounding commercial setting includes established national and local businesses, while the location offers direct access from a prominent US-31 commercial route. The property is car-dependent, with a Walk Score of 0 and a Bike Score of 32.
The property fronts US-31 in Garfield Township and sits next to Red Lobster, with Chick-fil-A directly across the corridor. The surrounding commercial setting includes established national and local businesses, while the location offers direct access from a prominent US-31 commercial route. The property is car-dependent, with a Walk Score of 0 and a Bike Score of 32.
Key Highlights
- Four‑tenant commercial property with full occupancy
- True triple‑net leases across the tenant roster
- Newer or recently renewed leases with annual rent increases
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Multi-tenant commercial asset with four occupants, true triple-net leases, and annual rent increases.
Where is this nnn property located?
The property is located at 2751 N US-31 S Traverse City, MI.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Four‑tenant commercial property with full occupancy; True triple‑net leases across the tenant roster; Newer or recently renewed leases with annual rent increases
