4290 Us-31 Traverse City, MI 49686
- Retail properties
- 22,520 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 4290 Us-31
- Property size
- 22,520 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 3.69-acre commercial property in Traverse City, Michigan, boasts 22,520 square feet of existing buildings on a high-traffic US-31 location. Situated 0.2 miles north of Holiday Hills Road, across from East Bay between Burger King and Murdick's Fudge, this site offers incredible visibility with over 700 feet of frontage on US-31 and unobstructed views of East Grand Traverse Bay. The property includes four driveways, ample parking, and an outdoor playground. Currently zoned Commercial Corridor, allowing for mixed-use development, this site presents a unique opportunity for redevelopment. Existing buildings could be repurposed, subdivided, expanded, or removed to accommodate a variety of uses, including multi-family, hotel, restaurant, retail, or office space. The Traverse Area Recreational Trail (TART) borders the property, providing convenient access to downtown. High traffic counts and the existing infrastructure make this a compelling investment opportunity. The asking price is $3,300,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.5303
- Latitude
- 44.8474
