Traverse City, MI Specialty Properties for Sale

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Updated: Aug 24

Four-Tenant NNN Commercial Property

2751 N US-31 S, Traverse City, MI 49684

$2,390,000

13,550 sqft 1.28 AC lot

13,550‑square‑foot commercial property on 1.28 acres
Fully occupied by four tenants
True triple‑net leases with annual rent increases
Located on US‑31 in Garfield Township
Adjacent to Red Lobster and across from Chick‑fil‑A

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Updated: Sep 11

Stand-Alone NNN Storefront

3301 W S Airport Road, Traverse City, MI 49684

$1,200,000

4,992 sqft 0.95 AC lot

Across from a Grand Traverse Mall entrance
0.95‑acre site in Traverse City
100% occupancy maintained for 20+ years
NNN leases with CAM adjustable based on expenses
Reported 8% cap rate

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Burger King Drive-Through Restaurant

2500 Crossing Circle, Traverse City, MI 49684

$2,000,000

3,618 sqft 1.36 AC lot

Single-tenant restaurant with a new long-term NNN lease and dedicated parking lot.

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NNN Retail Property with Two Units

Traverse City, MI 49684

$1,200,000

5,000 sqft

Stand-alone commercial property across from a Grand Traverse Mall entrance, surrounded by national tenants and ongoing development.

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Renovated Wedding Venue

1776 High Lake Road, Traverse City, MI 49696

$1,399,000

3,640 sqft 5.06 AC lot

Renovated event property with an on-site residence and space for gatherings, ceremonies, and presentations.

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NNN Commercial Condo

232 E State Street, Traverse City, MI 49684

$950,000

2,270 sqft 0.16 AC lot

Tenant-occupied space carries a 10-year NNN lease with two renewal options.

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Assisted Living Campus with Walkout Basements

3205 Supply Road, Traverse City, MI 49686

$1,490,000

7,990 sqft 7.44 AC lot

Two barrier-free residential buildings with shared community spaces, fire suppression, and guest walking paths.

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NNN Multi-Tenant Commercial Property

Traverse City, MI 49684

$2,390,000

13,550 sqft

Fully occupied commercial asset with four tenants and triple-net lease structures along US-31.

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Airport Hangar Units

1218 Boon Street, Traverse City, MI 49686

$532,000

2,800 sqft 0.19 AC lot

Co-op shares convey exclusive rights to individual aircraft storage units at Cherry Capital Airport.

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Heated Aircraft Hangar Units

1218 Boon Street, Traverse City, MI 49686

$532,000

2,800 sqft 0.19 AC lot

Co-op shares provide exclusive rights to insulated, heated hangar units with shared restroom access.

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Freestanding KFC Net Lease

311 US Hwy 31 S, Traverse City, MI 49685

$1,193,292

3,179 sqft 1.96 AC lot

Freestanding KFC on a 1.96-acre parcel along US-31, secured by a 20-year triple net lease.

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Aviation Hangar Co-Op Units

1218 Boon Street, Traverse City, MI 49686

$532,000

2,800 sqft 0.19 AC lot

To-be-built aircraft storage units with heated, insulated interiors and shared restroom access.

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Barrier-Free Assisted Living Facility

3255 Mahoney Drive, Traverse City, MI 49686

$749,000

3,995 sqft 3.61 AC lot

Former adult foster care property with shared gathering areas, accessible features, and flexible care-oriented layout.

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To-Be-Built Aircraft Hangar Units

2-1218 Boon St, Traverse City, MI 49686

$532,000

2,800 sqft

Three insulated, heated hangar units are planned at Cherry Capital Airport, each with epoxy flooring and LED lighting.

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Barrier-Free Assisted Living Facility

3205 Supply Road, Traverse City, MI 49686

$749,000

3,995 sqft 3.83 AC lot

Existing residential-style layout includes shared gathering areas, accessible features, and a walking path across a country setting.

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Heated Aviation Hangar

1200 Boon Street, Traverse City, MI 49686

$225,000

1,241 sqft 0.37 AC lot

Insulated steel hangar with epoxy flooring, airfield access, and shared restroom access at Cherry Capital Airport.

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To-Be-Built Heated Hangar Units

1-1218 Boon St, Traverse City, MI 49686

$532,000

2,800 sqft

Three insulated, heated hangar units are offered as co-op shares at Cherry Capital Airport, each sized for general aviation storage.

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Heated Insulated T-Hangar

1200 Boon Street, Traverse City, MI 49686

$250,000

1,420 sqft 0.37 AC lot

Co-op shares convey exclusive rights to Unit 4 at Cherry Capital Airport.

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Modern Hangar Units at Airport

1218 Boon St, Unit 1, Traverse City, MI 49686

$532,000

2,800 sqft

To-be-built, insulated hangars with heated, epoxy-floored interiors and 15-foot clear door height.

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Wedding Venue Property with Barns

55 S Hope Ridge, Traverse City, MI 49696

$3,500,000

16,208 sqft 40.76 AC lot

The property combines residences, barns, open fields, and wooded areas near downtown Traverse City.

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Tenant-Occupied Commercial Condo

A-232 E State St, Traverse City, MI 49684

$950,000

2,270 sqft

Newly constructed 2,270 SF commercial condo is tenant occupied under a 10-year NNN lease.

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45-Foot Marina Boat Slip

12755 S Marina Village Drive, Traverse City, MI 49684

$199,000

0.01 AC lot

Condominium boat slip with bay views, a built-in grill, and access to an onsite clubhouse.

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Heated Aviation Hangar Units

Traverse City, MI 49686

$532,000

2,800 sqft

Co-op shares provide exclusive use of a unit without conveying ownership of the underlying real estate.

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Traverse City Church with Bay Views

Traverse City, MI 49684

$1,750,000

2.75 AC lot

Turnkey church property in Traverse City with flexible spaces.

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Traverse City, MI Specialty Properties Market Trends and Statistics

Explore 72 specialty properties for sale in Traverse City, MI, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 115,481 square feet of properties for sale, with an estimated market value of $26,431,192.

Sale prices for properties in Traverse City, MI start at $122,900, averaging $1,057,247, and reaching up to $3,500,000 — 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

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	$1.2M
49685	$1.2M
49684	$1.3M
49696	$3.1M

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)

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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