3566 31 Traverse City, MI 49684
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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