2016 South Airport Rd Traverse City, MI 49684
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.
-
JK Creations Photography Photography Service (Bike/Boat/Book/etc) Store
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.