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Retail Space Near Grand Traverse Mall
For Lease
$1,500/Mo

2751 N Us-31 S, Traverse City, MI 49684

Commercial-zoned space sits along US-31 South amid nearby retail and automotive businesses.

Space SizeContact for details
Property Size763 SF
Days on Market251

Property Features for 2751 N Us-31 S

General Information

Standard status Active
Size 763 SF
Zoning Commercial

Additional Details

Lease Term 36 months

Building Details

Building Size 763 SF
Year Built 1954
Listing Agency: Twin Bay Properties, LLC
Listed By: David Cutler · License #6502417683
Source: Centralmirealty
Added: Mar 1 Changed: Nov 4 Last Checked: Nov 6 at 4:34AM

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

Rey
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Investment Insights

Based on property information with market context.

This 2,705-square-foot retail space at 2751 N Us-31 S was built in 1954 and is zoned Commercial. The property is available for lease.

US-31 South provides the setting, with Grand Traverse Mall, auto dealerships, big-box stores, and chain restaurants in the surrounding area.

Key Highlights

  • 2,705 square feet of retail space
  • Commercial zoning
  • US‑31 South location near Grand Traverse Mall

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Kitchen & Bath Showroom Electrical Service Dental Office

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
$3.54 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby
518k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 26% Dining 21% Superstores 20% Shops & Services 14%
Target Superstores
104,507 visits/mo 0.5 miles
T.J. Maxx Apparel
39,140 visits/mo 0.5 miles
Chick-fil-A Dining
38,043 visits/mo 0.1 miles
AMC CLASSIC Cherry Blossom 14 Leisure
36,523 visits/mo 0.4 miles
Dunham's Sports Apparel
35,929 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Traverse City, MI

$20.82 /SF/Yr
Avg Asking Price
$9.23–$38.89 /SF/Yr
Price Range
3,767 SF
Avg Space Size

This space is priced 13% above the average of $20.82 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Traverse City, MI

$21.92 Jul
$22.11 Aug
$20.3 Sep
$20.84 Oct

Properties on Market for Retail space in Traverse City

Jul
Aug
Sep
Oct

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?
Retail space - Commercial-zoned space sits along US-31 South amid nearby retail and automotive businesses.
Where is this retail space located?
The property is located at 2751 N Us-31 S Traverse City, MI.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: 2,705 square feet of retail space; Commercial zoning; US‑31 South location near Grand Traverse Mall
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Includes: Price & PSF · Cap rate · Location · Zoning

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