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Retail/Office Space in Blair Plaza
For Lease
$1,600/Mo CAM $300 /USD/YR

859 Us-31 S, Traverse City, MI 49684

The suite is zoned for office and retail use within a multi-business plaza.

Space SizeContact for details
Property Size1,152 SF
Days on Market1095

Property Features for 859 Us-31 S

General Information

Standard status Active
Size 1,152 SF
Zoning Office, Retail

Space & Availability

Space Use Office
Sublease No

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Additional Details

CAM $300 /YR

Building Details

Building Size 1,152 SF
Year Built 1991
Tenancy Multi
Listing Agency: CENTRAL REAL ESTATE MT PLEASANT, INC.
Listed By: Dave Zamarron · License #6502102202
Source: Centralmirealty
Added: Nov 8, 2023 Changed: Nov 4 Last Checked: Nov 4 at 10:31AM

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 CENTRAL REAL ESTATE MT PLEASANT, INC.

Rey
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Investment Insights

Based on property information with market context.

This 1,152-square-foot retail space is located in Blair Plaza and is zoned for office and retail use. The building dates to 1991, and the plaza includes multiple businesses, several of which have operated there for more than five years.

The property is at 859 US-31 S in the Chums Corner area of Traverse City. The tenant is responsible for utilities, snow removal costs, and liability insurance; the landlord covers landscaping, property taxes, and building insurance.

Key Highlights

  • 1,152‑square‑foot space
  • Zoned for office and retail use
  • Located in Blair Plaza at 859 US‑31 S, Traverse City

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Bakery Locksmith (Bike/Boat/Book/etc) Store Law Firm

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

273
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 93% Home Improvements & Furnishings 7%
McDonald's Dining
22,834 visits/mo 0.1 miles
Burger King Dining
20,721 visits/mo 0.1 miles
Taco Bell Dining
17,365 visits/mo 0.1 miles
Ace Hardware Home Improvements & Furnishings
4,604 visits/mo 0.1 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

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 20% below the average of $20.82 /SF/Yr.

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 - The suite is zoned for office and retail use within a multi-business plaza.
Where is this retail space located?
The property is located at 859 Us-31 S Traverse City, MI.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: 1,152‑square‑foot space; Zoned for office and retail use; Located in Blair Plaza at 859 US‑31 S, Traverse City
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