274 N US-31 S
Traverse City, MI 49685
$2,175,000
MLS #1918655
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.
Overview
Sale or Lease:
For Sale
Business Included:
No
Real Estate Included:
No
Square Footage:
8250 sqft
Acres:
2.9 acres
Township:
Garfield
County:
Grand Traverse
Features
Business Type:
Manufacture/Warehouse, Retail Store, Service
Location:
Corner Lot, Freestanding
Included in Lease:
None
Zoning:
Commercial
Compensations
Sub Agency
2.50%
Buyer Agency
2.50%
Transaction Coordinator
0.00%
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.