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274 N US Highway 31 S
Traverse City, MI 49685
Retail Property For Sale
Investment Highlights
- High Visibility
- 16 ft Ceilings
- 414 ft US 31 Frontage
- 4-14’ X14' overhead doors
Executive Summary
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 Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
8,250 SF
Building Class
C
Year Built
1983
Price
$1,985,000
Price Per SF
$240.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.89 AC
Zoning
C-1 - Commercial
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 05-033-010-22 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $703,200 |
Property Taxes
Parcel Number
05-033-010-22
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$703,200
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