274 N US Highway 31 S, Traverse City, MI, 49685

274 N US Highway 31 S Traverse City, MI 49685

274 N US Highway 31 S, Traverse City, MI, 49685
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FOR SALE
Property Type:
Street Retail
Amount:
$2,175,000
Last Verified:
Jan 12, 2024

Highlights

  • High Visibility
  • 414 ft US 31 Frontage
  • 16 ft Ceilings
  • 4-14’ X14' overhead doors

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 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.

Northeast corner of the intersection of N US 31 S and Sundowner Dr.


Year Built: 1983
Building Size: 8250sq ft
Lot Size: 2.9 acres


Documents

Sale Brochure

Map of 274 N US Highway 31 S, Traverse City, MI, 49685

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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