Property profile

3311 South Airport Rd Traverse City, MI 49684

OFF-MARKET
Retail properties & Spaces
3,936 SF
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Total area 3,936 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shipping Company Freight Service
  • Courier Service Postal Service
  • Toner Cartridge Supplier Commercial Printer
  • Event Planning Party Supply Store
  • Courier Service Postal Service

Location

3311 South Airport Rd Traverse City, MI 49684
Traverse City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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