Listing Agency: Three West LLC k***@threewest.com Show Phone

Listed By: Kevin Endres · License #MI 6505352968

Source: Crexi

Added: Sep 26, 2024 Changed: Aug 12 Last Checked: Aug 20 at 6:38PM

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Investment Insights

Based on property information with market context.

This property presents a development opportunity at the entrance to the Cherry Capital Airport. The airport has recorded over 700,000 passengers in a year and is expected to undergo a $120 million terminal expansion with a second concourse and five new gates in 2026. Excavation has commenced on the land. The new zoning allows for various development options, including gas stations, drive-thrus, office spaces, and retail establishments. The property benefits from ingress and egress from both South Airport Road and Townline Road, offering exposure with an average annual daily traffic count of approximately 16,000.

Property Analytics

Current Use

Commercial land

Location Intelligence

Trade Area within ½ mile

100

Businesses Nearby

Explore this area Business Placement

Demographics for 49686, MI

25,859

Population

13,261

Households

2

Avg Household Size

45

Median Age

46%

College-Educated

95%

High-School Grad

47.3 sq mi

ZIP Area

547

Density / Sq Mi

$71,198

Median Household Income

$40,373

Median Earnings

$1,209

Median Rent

$295,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - Development opportunity near Cherry Capital Airport and Costco.

Where is this commercial land located?

The property is located at TBD Mitten Dr Traverse City, MI.

What is the asking price?

The asking price for this property is $1,150,000.