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Listed by Coldwell Banker Schmidt Traverse City
$7,500,000
Est. payment /mo
101,386 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Shopping Center
Listing Status Active
Purchase Type For Sale
Square Footage 101,386 sqft
Price per Sqft $73
MLS Listing ID 1946385
Year Built 1977
Lot Size 8.480 Acres
Acres 8.48
Property Sub-Type Shopping Center
Property Description
High-visibility commercial property located in the Cherryland Center at the prominent corner of Garfield Avenue and South Airport Road. This 101,386 square foot commercial building offers exceptional flexibility for a wide range of experience, entertainment, recreational, warehouse, automotive, or redevelopment opportunities. Part of the building has a long-term lease in place with K1 Speed, the property also offers extensive additional space for leasing, owner occupancy, or redevelopment. Designed to accommodate high-capacity experience operations, the facility features 20-foot ceilings and a functional layout that includes multiple semi and shop bays. Infrastructure highlights include three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a separate shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, providing excellent access, workflow efficiency, and adaptability for a variety of uses. The property offers 459 on-site parking spaces, strong surrounding experienced business synergy, and outstanding visibility along one of Traverse City's busiest commercial corridors. A rare opportunity to acquire a highly adaptable commercial asset in a premier location with significant long-term value and redevelopment potential.
Location
State MI
Interior
Heating Forced Air, Hot Water, Ceiling, Natural Gas
Flooring Concrete
Exterior
Waterfront Description Public
Roof Type Membrane
Total Parking Spaces 459
Garage false
Building
Foundation Block, Slab
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456