274 N US-31 S Active Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49685
Key Details
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,250 sqft
Price per Sqft $263
Subdivision Mi
MLS Listing ID 1918655
Year Built 1983
Lot Size 2.900 Acres
Acres 2.9
Lot Dimensions 414 X 305
Property Description
Highly visible, 2.89 acre Parcel with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive. Large open retail building with great visibility and easy ingress/egress on US-31. The building is 7,104 Sq Ft with additional 1,146 Sq Ft on second level for a total of 8,250 Sq Ft. Four 14’ X14’ overhead doors in rear of building. 16’ ceiling height. Mezzanine offices overlook sales floor. Nicely remodeled. Plenty of parking with tremendous space for outside display. US 31 South had 24,758 cars per day in 2022. Currently leased to two tenants with an annual rental income of $158,244 NNN. One Tenant is leaving and the other can be moved. Ready for a new tenant or owner occupied use.
Location
State MI
County Grand Traverse
Zoning Commercial
Rooms
Basement Slab
Interior
Heating Forced Air,Space Heater,Ductless A/C
Cooling Forced Air,Space Heater,Ductless A/C
Exterior
Exterior Feature Steel
Roof Type Asphalt
Present Use Manufacture/Warehouse,Retail Store,Service
Road Frontage Public Maintained
Building
Sewer Private Septic
Water Private Well
Others
Tax ID 28-05-033-010-22
Ownership Private Owner
Acceptable Financing Conventional Mortgage,Commercial Loan,Cash
Listing Terms Conventional Mortgage,Commercial Loan,Cash