274 N Us-31 S Traverse City, MI ^$ 2,175,000

274 N Us-31 S

^$ 2,175,000

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274 N Us-31 S

Traverse City, MI, 49685

^$ 2,175,000

Studio Baths0.0 Sq 8,250

Monthly Estimate*

^$ 15,193

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Studio

Commercial Property for sale in Traverse City, MI

for $2,175,000. This 8,250 square foot building was built in 1983 on a lot size of 2.9.

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 14Ã¢â¬â¢ X14Ã¢â¬â¢ overhead doors in rear of building. 16Ã¢â¬â¢ 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.

Commercial Active

Price

^$ 2,175,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

2.9

Year Built

1983

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80014026

Features

General

Heating Forced Air Space Heater

Possession At Close

Roof Asphalt

Water Private Well

Status Active Active

Year Built 1983

Parking Parking Lot

Subdivision None

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name None

Percent Ownership Private

Municipality Garfield Twp

Section 33

Zoning Commercial

Commercial Features ADA Accessible Overhead Doors

Area Garfield Twp (28005)

Location Corner Lot

Directions Northeast corner of US 31 S and Sundowner Dr.

City Traverse City

Street Name US-31 S

Financial Terms Cash Commercial Loan Conventional

Legal Description COM W1/4 COR SEC 33 T27N R11W TH S 1000 TO POB TH S 414' TH E 305' TH N 414' TH W 305' TO POB EXC HWY ROW

DOM 117

Price Per Sq Ft 263.64

Coming Soon Highly visible

Exterior

Exterior Frame

Lot Size Area 2.9

Lot Dimensions 414 X 305

Interior

Ceiling Height 16-20 Feet

Fuel Type Natural Gas

* Excluded Features

List By

David Frost

Listing Agent

Three West, Llc

Broker

dfrost@threewest.com

Affordability Calculator

$15,193

Per Month

Monthly Principal & Interest: $15,193
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$578,986

Percent of Sale Price 73%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/12/2024	$2,175,000		Listed Price

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274 N Us-31 S, Traverse City, MI, 49685 is a Commercial Property for sale at $2,175,000 with 8,250 sqft and a lot size of 2.9. 274 N Us-31 S is a studio with 0.0 baths and was built in 1983. The property's zip code is 49685 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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274 N Us-31 S

Commercial Property for sale in Traverse City, MI

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