903 Us-31 Traverse City, MI 49685
This exceptional retail space, located at 903 US 31 S, Ste B, Traverse City, MI, offers unparalleled visibility on the highly coveted US-31 corridor, boasting exposure to over 25,000 vehicles daily. The property, situated on a 0.68-acre lot, features a single-story, 7,400 square foot building constructed in 1976. The building is zoned commercial and has a total of three suites. Currently, 1,988 square feet are available for lease, ideal for a restaurant or retail showroom. The space benefits from convenient street-level access with ample customer parking directly in front, plus additional private employee parking in the rear. The wide-open interior layout provides flexibility for various commercial uses. The property's prime location in Chums Corner is further enhanced by a prominent pylon sign on US-31, ensuring maximum brand visibility. The property's APN is 02-004-025-00, and it's located in Grand Traverse County. A virtual tour is available online. This is a rare opportunity to secure a highly visible and accessible retail space in a thriving commercial area.
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Sweet Fire Tobacco (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.