0 Tbd Mitten Dr Traverse City, MI 49686
This exceptional 1.74-acre commercial land parcel presents a unique investment opportunity at the entrance to Traverse City's Cherry Capital Airport and Costco. Boasting a prime corner location with excellent visibility and high traffic counts (approximately 16,000 AADT), this pad-ready site offers two points of access via South Airport Road and Townline Road, complete with a stoplight. The property is zoned for Airport Services, allowing for diverse development options including gas stations, drive-thrus, office spaces, and retail establishments. Excavation work has already commenced. This strategic location benefits from the airport's recent record-breaking year exceeding 700,000 passengers and its planned $120 million terminal expansion, including a second concourse and five new gates in 2026. The property's APN is 28-03-218-014-10. Located in Traverse City, Michigan (zip code 49686), this offering presents a compelling chance to capitalize on a high-growth area with significant future potential. Asking price is $1,000,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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