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    210 Us-31 Traverse City, MI 49685

    For Sale
    Contact for pricing

    High-traffic location, prime development land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Three commercial outparcels totaling between 1.52 and 2.67 acres are available for development. This exceptional opportunity is situated at the highly visible corner of US-31 South and Rennie School Road in Traverse City, Michigan, a key location on the main thoroughfare. The property's strategic placement ensures maximum exposure and accessibility for any commercial venture. The land is zoned for commercial use, offering flexibility for a variety of development projects. Given its location on US-31 South, a major artery in Traverse City, the site benefits from significant daily traffic volume, providing exceptional visibility and potential for high customer traffic. The parcels are ideal for businesses seeking a prominent location with strong potential for growth and success. The exact acreage of each individual outparcel will be provided upon request. Detailed site plans and zoning information are available for review. This is a rare opportunity to acquire prime commercial land in a thriving Michigan market. The property is located at 210 US-31, Traverse City, MI 49685, in Grand Traverse County.

    Property Features for 210 Us-31

    General Information

    Property type
    Land
    Lot Size
    66,211 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6574551
    Latitude
    44.6840595

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    FAQs

    What type of property is this?
    Land - High-traffic location, prime development land.
    Where is this land located?
    The property is located at 210 Us-31 Traverse City, MI.
    (248) 488-2620
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    Traverse City, MI 49685
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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
    210 Us-31 Traverse City, MI 49685
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