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
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Listed by  Three West, LLC
$1,985,000
Est. payment /mo
8,250 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 8,250 sqft

Price per Sqft $240

MLS Listing ID 1918655

Year Built 1983

Lot Size 2.900 Acres

Acres 2.9

Property Sub-Type Retail

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 25,600 cars per day in 2023. 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

Interior

Heating Forced Air, Space Heater, Natural Gas

Exterior

Waterfront Description Private

Roof Type Asphalt

Garage false

Building

Foundation Slab

Sewer Private Sewer

Water Private


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Kyle O'Grady

Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

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