Property summary
This exceptional retail property, located at 3311 W South Airport Road in Traverse City, Michigan, 49684, presents a unique investment opportunity. The 3,936 square foot building boasts a highly visible location, situated across from the Grand Traverse Mall, ensuring significant foot traffic and brand exposure. Currently configured as a single 3,936 square foot unit, the building is easily divisible into two separate units, each with its own bathroom and access to a lower level. This lower level offers substantial storage space and partially finished office areas, presenting potential for expansion and customization. Adding a deck and staircase could create a separate entrance from the south parking lot. The property benefits from excellent ingress and egress from South Airport Road, providing convenient access for customers and employees. Recent improvements include a new roof and French drains installed in 2022. Ample customer parking is readily available. The surrounding area features a diverse mix of businesses, including retail stores, a beauty salon, professional services, healthcare providers, and a retail bank. This property is offered at $850,000, significantly below the assessed true cash value of $1,059,400. This presents a compelling opportunity for investors seeking a high-value, well-located retail space in a thriving Michigan market.
Property profile
VerifiedCap rate & NOI
Current use
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Shipping Company Freight Service
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Courier Service Postal Service
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Toner Cartridge Supplier Commercial Printer
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Event Planning Party Supply Store
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Courier Service Postal Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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