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Property profile

0 Griffin St Traverse City, MI 49684

OFF-MARKET
Retail properties & Spaces
4,789 SF 0.32 ac lot Built 1962
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1962
Total area 4,789 SF
Lot 0.32 ac (13,939 SF)

Cap rate & NOI

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

Location

Griffin St Traverse City, MI 49684
Traverse City 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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