0 Griffin St Traverse City, MI 49684
This exceptional Traverse City commercial property, located at 114 E Griffin St, presents a compelling redevelopment opportunity. The 4,789 square foot building sits on a 0.32-acre lot and boasts versatile C-3 zoning, ideal for a variety of commercial uses, including retail or office space. Built in 1962, this single-story structure offers significant potential for renovation or repurposing. Its prime location in Traverse City, MI 49684, ensures high visibility and accessibility, with proximity to 14th Street, Munson Hospital, and the downtown area. The property's position across from Saint Francis Church benefits from substantial community activity and pedestrian traffic. This is a rare chance to acquire a significant piece of commercial real estate in a thriving Michigan city, offering substantial returns for the discerning investor. The asking price is $990,000. The property is privately owned and consists of one building.
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
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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.