MI > Grand Traverse > Traverse City > 274 N Us-31 S

$2,175,000

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  • MLS# 1918655
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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.

Property Information

Status
Active 
Address
274 N Us-31 S 
City
Traverse City 
Zip
49685 
Year Built
1983 
Listing Date
01/12/2024 
County
Grand Traverse 
Possession
At Closing,Subj 
Parking
Parking Lot 
Price/SqFt
263.64 

Features

Current Use
Manufacture/Warehouse,Retail Store,Service 
Features
16ft Ceiling Height, Overhead Door(s) 
Zoning
Commercial 
Water
Private Well 
Sub Property Type
Retail/Commercial 
Licenses
None 
Exterior Features
Steel 
Cooling
Ductless A/C, Forced Air, Natural Gas, Space Heater 
Heating
Ductless A/C, Forced Air, Natural Gas, Space Heater 

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  • Market Statistics
  • Property History
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1918655 Active Jan 12 2024 3:46PM $2,175,000 110
1837668 Sold Expired Nov 6 2019 9:46AM $5,000 $6,350 $5,000 798
1837668 Expired Active Aug 18 2018 2:16AM 798
1837668 Dec 7 2017 1:15PM $6,350 $6,500 798
1837668 Active Aug 28 2017 9:17AM $6,500 798
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Three West, Llc
Office Address 1131 E. Eighth Street

274 N Us-31 S Traverse City
Contact us
$2,175,000
For Sale • Acres: 2.9 • Zoning: Commercial