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Property profile & analytics
OFF-MARKET
Lifestyle centers

2016 South Airport Rd Traverse City, MI 49684

14,777 SF 1.58 ac lot
Property ID
Property summary
AI-generated overview

Prime 1.58-acre redevelopment opportunity in Traverse City, Michigan. This 14,777 square foot shopping center boasts 300 feet of Boardman River frontage and high visibility on W South Airport Rd. Located near the TART Trail, Boardman Lake Kayak Launch, and Medalie Park, the property offers flexible General Commercial zoning (Garfield Twp's C-G). Existing structures include former restaurants and active retail/office spaces, along with ample parking and riverfront green space. The asking price is $1,450,000 ($98.13/sq ft). This iconic location presents endless possibilities for revitalization and new development, creating a unique Traverse City landmark. The property is surrounded by recreational amenities and enjoys a busy roadway location. This is a rare chance to acquire a significant riverfront property with exceptional potential. The land value is not factored into the asking price.

Property profile
Verified
Property type Lifestyle centers
Total area 14,777 SF
Lot 1.58 ac (68,825 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JK Creations Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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