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1212 W South Airport Rd W 101,386 SF Vacant Retail Building Traverse City, MI 49686 $7,500,000 ($73.97/SF)
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
101,386 SF
Building Class
C
Year Built/Renovated
1977/2024
Price
$7,500,000
Price Per SF
$73.97
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
8.48 AC
Opportunity Zone
Yes
Zoning
C-P SHOP - Commercial
Parking
475 Spaces (4.69 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Security System
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-014-049-10 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,042,900 |
Property Taxes
Parcel Number
05-014-049-10
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,042,900
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1212 W South Airport Rd W