9664 Us-31, Interlochen, MI 49643
This 6,400 square foot industrial property is situated on a 0.92-acre lot at 9664 US-31 S in Interlochen, MI, a high-traffic area southwest of Traverse City. Boasting a prominent location on US-31 near the intersection with S. Long Lake Rd/M-137, the property benefits from approximately 12,000 vehicles passing daily. A monument sign ensures excellent visibility. The building currently features five storefronts, currently divided into three separate spaces, offering flexibility for a single large tenant or multiple smaller businesses. Convenient amenities include two restrooms and a rear roll-up door ideal for deliveries. The property's Green Lake Township Commercial zoning allows for diverse uses, including retail, office, and cannabis businesses (with licenses available). 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, creating a strong retail synergy. This property presents a unique opportunity for investors and businesses seeking a high-visibility location with significant potential. A lease option is also available (MLS#1922579). The asking price is $575,000.
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
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Property description
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