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    Traverse City, MI Specialty Properties for Sale

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    Traverse City Retail Building on US-31
    Updated: Jan 12, 2024
    Traverse City Retail Building on US-31

    274 US-31, Traverse City, MI 49685

    $1,985,000
    8,250 sqft · 2.89 AC lot
    High‑visibility location with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive.
    Significant income potential: Currently leased for $158,244 NNN annually.
    Large 8,250 Sq Ft retail building with remodeled interior.
    Excellent accessibility with easy ingress/egress on US‑31.
    Ample parking and tremendous space for outside display.
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    This listing looks promising.

    Here's a quick look at some key insights for

    274 US-31, Traverse City, MI 49685

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $102K
      Annual

    • Price @ 7% Cap

      $1.46M
      Suggested

    • Property Type

      Regional: Shopping Center, Mall (W/Anchor)
      Built 1983
    View Property Analytics
    Event Center with 120-Seat Hall
    Updated: Jun 10
    Event Center with 120-Seat Hall

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft · 5.06 AC lot
    Pine Hall event venue includes a 3,640 gathering hall on 5 acres
    Main hall seats 120 guests; Spruce Room rated for an additional 28
    Property also includes a 3+ BR, 2 BA residence
    Duplexes and single‑family homes are permitted uses
    Frame exterior with vinyl siding, asphalt roof, and parking lot
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    To-Be-Built Aviation Hangar Units
    To-Be-Built Aviation Hangar Units

    1218 Boon Street, Traverse City, MI 49686

    $532,000
    2,800 sqft · 0.19 AC lot

    Co-op purchase of heated, insulated hangars sized for general aviation aircraft storage at Cherry Capital Airport.

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    To-Be-Built Heated Hangar Units
    To-Be-Built Heated Hangar Units

    1218 Boon Street, Traverse City, MI 49686

    $523,000
    2,800 sqft · 0.19 AC lot

    New, insulated and heated hangar units sized for general aviation storage, with modern finishes and shared restroom access.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    To-Be-Built Heated Hangar Units
    To-Be-Built Heated Hangar Units

    1218 Boon Street, Traverse City, MI 49686

    $532,000
    2,800 sqft · 0.19 AC lot

    Purchase co-op shares granting exclusive rights to heated, insulated hangar space for general aviation aircraft storage.

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    Assisted Living Campus with Two Homes
    Assisted Living Campus with Two Homes

    3205 Supply Road, Traverse City, MI 49686

    $1,598,000
    7,990 sqft · 7.44 AC lot

    Two former assisted living-style homes on one campus feature barrier-free interiors and walkout basements for flexible occupancy.

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    Tenant-Occupied NNN Retail Condo
    Tenant-Occupied NNN Retail Condo

    232 E State Street, Traverse City, MI 49684

    $950,000
    2,270 sqft · 0.16 AC lot

    Newly constructed retail condo with tenant in-place under a 10-year NNN lease.

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    Assisted Living and Care Facility
    Assisted Living and Care Facility

    3255 Mahoney Drive, Traverse City, MI 49686

    $799,000
    3,995 sqft · 3.61 AC lot

    Barrier-free adult foster care and assisted living layout with walkout basements, fire suppression, and guest walking paths.

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    Heated Insulated T-Hangar
    Heated Insulated T-Hangar

    1200 Boon Street, Traverse City, MI 49686

    $225,000
    1,680 sqft · 0.37 AC lot

    Heated insulated general aviation hangar with epoxy floors, shared restroom access, and direct airfield positioning at TVC.

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    Barrier-Free Assisted Living Home
    Barrier-Free Assisted Living Home

    3205 Supply Road, Traverse City, MI 49686

    $799,000
    3,995 sqft · 3.83 AC lot

    Former assisted living and adult foster care property with barrier-free features, walkout basements, and fire-suppression sprinklers.

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    Multi-Family Property with Barns
    Multi-Family Property with Barns

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    15,383 sqft · 40.39 AC lot

    A 40-acre multi-home compound with four large barns, suited for hospitality, events, or residential expansion near town.

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    Retreat and Wedding Venue Property
    Retreat and Wedding Venue Property

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    16,208 sqft · 40.76 AC lot

    A 40-acre campus with multiple homes and barns, positioned about eight minutes from downtown for event and retreat uses.

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    Renovated Event Center with Residence
    Renovated Event Center with Residence

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft · 5.00 AC lot

    Modern Pine Hall event venue with a 3640 gathering hall, seating for 120, and an on-site 3+ bedroom residence.

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    45-Foot Condo Boat Slip
    45-Foot Condo Boat Slip

    12755 S Marina Village Drive, Traverse City, MI 49684

    $199,000
    0.01 AC lot

    45-foot slip at Harbor West Marina with clubhouse access for convenient on-water downtime and quick get-togethers.

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    Traverse City Retail Condominium
    Traverse City Retail Condominium

    204 E Front St, Traverse City, MI 49684

    $924,000
    2,000 sqft

    Single-tenant retail condo in downtown Traverse City, fully leased.

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    To-Be-Built General Aviation Hangar Units
    To-Be-Built General Aviation Hangar Units

    1218 Boon Street, Traverse City, MI 49686

    $532,000
    2,800 sqft

    Insulated, heated hangar units with 15-foot clear door height built for general aviation aircraft storage.

    View details
    Traverse City Retail Opportunity
    Traverse City Retail Opportunity

    3180 S Airport Rd W, Traverse City, MI 49684

    $2,535,243
    8,963 sqft

    Retail space in high-growth, tourism-driven Traverse City market.

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    Heated Insulated Aviation Hangar
    Heated Insulated Aviation Hangar

    Traverse City, MI 49686

    $225,000
    1,680 sqft

    Heated, insulated hangar with epoxy floors and direct airfield positioning for secure general aviation storage.

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    Pet Supplies Plus Outlot
    Pet Supplies Plus Outlot

    3180 W South Airport Rd, Traverse City, MI 49684

    $2,366,227
    8,963 sqft

    Retail outlot on premier retail corridor near Grand Traverse Mall.

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    Historic Inn with Carriage House
    Historic Inn with Carriage House

    230 Wellington, Traverse City, MI 49686

    $3,995,000
    11,807 sqft · 0.51 AC lot

    Turnkey historic hospitality property with guest rooms, two apartment units, and retained stable space for events or expansion.

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    Church and Community Facility
    Church and Community Facility

    1200 Ramsdell Road, Traverse City, MI 49684

    $2,200,000
    13,645 sqft

    Purpose-built sanctuary with classrooms and event space, plus kitchen and elevator access overlooking West Bay.

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    Planned Unit Development Land Opportunity
    Planned Unit Development Land Opportunity

    VL Cedar Run Road, Traverse City, MI 49684

    $2,300,000
    107.30 AC lot

    Approved PUD with ready-to-build lots, boat/snowmobile storage, and association barns on more than 100 acres.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Traverse City, MI, we suggest to view alternatives - similar 50 Off-Market properties to explore as potential leads.

    Off-Market Properties in Traverse City, MI

    Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5550 Bay Mdws Dr
    PROFESSIONAL CLUBS/ASSOCIATIONS

    5550 Bay Mdws Dr, Traverse City, MI 49684-6901

    Value Estimation by Request
    1,600 sqft · 85.51 AC lot
    View details
    206 Oak St
    CHARITABLE ORGANIZATION

    206 Oak St, Traverse City, MI 49684-2452

    Value Estimation by Request
    7,000 sqft · 0.19 AC lot
    View details

    Traverse City, MI Specialty Properties Market Trends and Statistics

    Explore 72 specialty properties for sale in Traverse City, MI, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 130,109 square feet of properties for sale, with an estimated market value of $32,168,486.

    Sale prices for properties in Traverse City, MI start at $225,000, averaging $1,462,203, and reaching up to $3,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Aviation real estate 6
    NNN properties 5
    Wedding venues 5
    Churches & religious facilities 4
    Day care centers 3

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49686 $629.7K
    49684 $1.4M
    49685 $2M
    49696 $2.4M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Traverse City, MI

    • 49686
    • 49684
    • 49696
    • 49685

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