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    1776 Garfield Ave Traverse City, MI 49686

    For Lease
    $6 SF/Yr

    Traverse City Power Center: 3 spaces available

    Lot size:
    62,730 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 62,730 square foot power center, located at 1776 S Garfield Ave, Traverse City, MI 49686, presents a unique investment opportunity. Built in 1976 and renovated in 1999, this single-story building sits on a prominent corner lot at the intersection of Airport and Garfield Avenues, boasting high visibility and accessibility. The property is zoned C-P PLANNED SHOPPING (APN: 05-014-049-08) and offers flexible space options, with a minimum divisible unit of 1,339 square feet and a maximum contiguous space of 57,594 square feet. Three spaces are currently available. The center benefits from significant traffic counts, exceeding 32,000 ADT on Airport Avenue and over 19,000 ADT on Garfield Avenue. This prime location in Grand Traverse County provides easy access to major roadways, ensuring high traffic flow and visibility for tenants. The property features ample parking for customer convenience. This established retail center offers a compelling opportunity for businesses seeking a high-traffic location in a thriving market. The property's history and recent renovations ensure a well-maintained and attractive space for potential tenants.

    Property Features for 1776 Garfield Ave

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,730 SF
    Total Rate
    31365

    Building Details

    Year Built/Renovated
    1976/1999
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1776
    Size
    57,594 SF
    Rate per SF
    $6
    Space
    Available Space 6
    Size
    7,799 SF
    Rate per SF
    $9
    Space
    1730
    Size
    13,000 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Power centers

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.5986354
    Latitude
    44.7354517

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    FAQs

    What type of property is this?
    Power center - Traverse City Power Center: 3 spaces available
    Where is this power center located?
    The property is located at 1776 Garfield Ave Traverse City, MI.
    What is the lease rate?
    The lease rate is $6-$12 SF/Yr.
    Request Owner's contact information
    1776 Garfield Ave Traverse City, MI 49686
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    Traverse City, MI 49686
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1776 Garfield Ave Traverse City, MI 49686
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