1990 Us-31 Traverse City, MI 49686
This exceptional 1,173 square foot retail space is ideally situated at the highly visible corner of US-31 and Four Mile Road in Traverse City, Michigan, 49686. Currently occupied by a hair salon, the property will be vacant and available for lease beginning July 1st, 2024. The single-tenant space is part of a retail strip plaza offering excellent visibility and convenient access. The property features easy ingress and egress, making it highly attractive to a variety of businesses. Its location offers significant advantages, being situated directly off the TART Trail and within easy walking distance of the East Bay waterfront. The space shares a restroom with an adjacent tenant. This versatile space is suitable for a range of uses, including retail, food service, office, or other service-oriented businesses. The landlord covers property taxes and building insurance, while the tenant is responsible for utilities and a shared portion of snow removal and lawn maintenance. This presents a fantastic opportunity for businesses seeking a prominent location in a thriving area of Traverse City. Please note that contacting the current tenant is discouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.