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Property profile

9664 Us-31 Interlochen, MI 49643

OFF-MARKET
Retail properties & Spaces
6,400 SF 0.92 ac lot Built 2004
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Property summary

AI-generated overview

This 6,400 square foot retail building, constructed in 2004, is situated on a 0.92-acre lot at 9664 US-31 in Interlochen, Michigan, near Traverse City. Boasting a prime location with high visibility on US-31, this property enjoys a daily traffic count of 12,000 vehicles. The building features five storefronts, currently divided into three spaces, offering flexibility for a single large tenant or multiple smaller businesses. Amenities include two restrooms and a rear roll-up door for convenient deliveries. The property is zoned for commercial use, allowing for a variety of retail, office, and other uses, including cannabis businesses (with appropriate licensing). A beer and wine license (SDM) is available, and a liquor license (SDD) is a possibility. Nearby businesses include Wendy's, Dollar General, Subway, and Tom's Food Market. The asking price is $635,000, translating to $99.22 per square foot. This property presents a significant opportunity for investors and businesses seeking a high-traffic location in a growing area. The property is currently vacant and also available for lease. The parcel number is 07-770-008-01.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004
Total area 6,400 SF
Lot 0.92 ac (40,075 SF)

Cap rate & NOI

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

Location

9664 Us-31 Interlochen, MI 49643
Interlochen metro
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Value estimations

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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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