Office Unit with Pylon
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 Market429
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
private parking
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) 929-2955
Added: Aug 5, 2025
Changed: Sep 7
Last Checked: Oct 7 at 1:06AM
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 office unit provides 1600 square feet of commercial space within a frame-built property featuring vinyl exterior materials and an asphalt roof. The space is identified for either office or retail use, offering flexibility for a business that needs a visible presence along a major commercial corridor.
The property is located at 308 S US-31 in Traverse City, Michigan, and includes a parking lot, dedicated private parking, and prominent pylon signage. The site encompasses 0.85 acres and carries a Traverse City address in Grand Traverse County.
The property is located at 308 S US-31 in Traverse City, Michigan, and includes a parking lot, dedicated private parking, and prominent pylon signage. The site encompasses 0.85 acres and carries a Traverse City address in Grand Traverse County.
Key Highlights
- 1600 square feet of commercial space
- Office or retail use supported
- 0.85‑acre property
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Traverse City, MI
$23.24 /SF/Yr
Avg Asking Price
$9–$56.57 /SF/Yr
Price Range
3,267 SF
Avg Space Size
This space is priced 35% below the average of $23.24 /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 - Flexible commercial space with dedicated parking and exposure along the US-31 corridor.
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: 1600 square feet of commercial space; Office or retail use supported; 0.85‑acre property
