Traverse City, MI 49685,274 N US-31 S
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Traverse City, MI 49685,274 N US-31 S
Traverse City, MI 49685,274 N US-31 S
Traverse City, MI 49685,274 N US-31 S
Traverse City, MI 49685,274 N US-31 S
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Listed by David J Frost • Three West, LLC
$ 2,175,000
Est. payment /mo
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274 N US-31 S Traverse City, MI 49685

8,250 SqFt


UPDATED:

08/02/2024 06:10 AM

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


Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

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274 N US-31 S