Retail or Office Unit with
For Lease
$2,000/Mo
308 S US-31, Traverse City, MI 49685
COMMERCIAL - Traverse City, MI
Space SizeContact for details
Lot Size0.85 Acres
Days on Market382
Property Features for 308 S US-31
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Vinyl
Lot features
Freestanding
Directions
Located north of Chums Corner on the west side of the Highway, directly across from Foster Dr.
Subdivision
Grand Traverse
Standard status
Active
Size
1,600 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Description
COM NE SEC COR TH S 1650.83' TO POB TH S 146.27' TH W 300.06' TH N 142.44' TH E 300.04' TO POB SEC 5 T26N R11W PUBLIC UTILITY LINE EASEMENT - SEWER RECORDED 9-6-2005 2005R-20111
Legal Description
COM NE SEC COR TH S 1650.83' TO POB TH S 146.27' TH W 300.06' TH N 142.44' TH E 300.04' TO POB SEC 5 T26N R11W PUBLIC UTILITY LINE EASEMENT - SEWER RECORDED 9-6-2005 2005R-20111
Amenities
dedicated private parking
prominent pylon signage
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Manitou Commercial Real Estate, LLC
(231) 632-9596
Listed By:
Kevin Query · License #6502433236
(231) 632-9596
Added: Aug 5, 2025
Changed: Aug 4
Last Checked: Aug 21 at 11:06PM
MLS# 1937221
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 versatile commercial unit is available for rent and is suited for either retail or office use. The space is positioned for strong visibility along the US-31 corridor and includes dedicated private parking for customers or staff. Prominent pylon signage further supports brand exposure from the roadway.
Located at 308 S US-31 in Traverse City, the property benefits from its presence within an active commercial zone. The offering includes a total lot size of 0.85 acres and approximately 1,600 square feet of space, providing a straightforward footprint for businesses seeking visibility and on-site parking.
The property’s configuration supports flexible use as either a retail storefront or a professional office, with visibility and signage intended to help the business draw attention in a high-traffic area.
Located at 308 S US-31 in Traverse City, the property benefits from its presence within an active commercial zone. The offering includes a total lot size of 0.85 acres and approximately 1,600 square feet of space, providing a straightforward footprint for businesses seeking visibility and on-site parking.
The property’s configuration supports flexible use as either a retail storefront or a professional office, with visibility and signage intended to help the business draw attention in a high-traffic area.
Key Highlights
- Versatile space suited for retail or office use
- Located along the high‑traffic US‑31 corridor in Traverse City, MI
- Dedicated private parking with on‑site parking lot
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
247
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
$23.38 /SF/Yr
Avg Asking Price
$8.34–$56.57 /SF/Yr
Price Range
3,227 SF
Avg Space Size
This space is priced 36% below the average of $23.38 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Versatile retail or office space on the US-31 corridor with dedicated private parking and pylon signage in Traverse City.
Where is this office units located?
The property is located at 308 S US-31 Traverse City, MI.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Versatile space suited for retail or office use; Located along the high‑traffic US‑31 corridor in Traverse City, MI; Dedicated private parking with on‑site parking lot
