3566 31 Traverse City, MI 49684
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3566 31
- Year built
- 2001
- Lot size
- 3.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This 13,515-square-foot vacant storefront, built in 2001, presents a significant retail opportunity in Traverse City, Michigan. Located in the CH Commercial District within an Opportunity Zone, this property offers potential tax credits. The building features a retail showroom, private offices, two restrooms, a conference room, and a lounge. A central storage/parts area includes seven service bays and a three-bay oil change area. The building boasts 18-foot ceilings and backs up to Kid's Creek, providing staging areas for vehicle sales. Additional features include a 1,350-square-foot basement, a 1,500-square-foot mezzanine, custom cabinetry, and a fireplace. The property sits on three acres and is situated directly in front of two hotels, offering high visibility and accessibility. The asking price is $1,950,000 ($144.28 per square foot). Land is available for sale or build-to-suit options are possible. Sale or lease options are available. The property is zoned "Other". Inquire about potential tax benefits associated with the Opportunity Zone designation.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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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
- -85.6451
- Latitude
- 44.7384
