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274 N US-31 S Traverse City, MI $ 1,985,000
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$ 1,985,000 Get more info
274 N US-31 S
$ 1,985,000
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Share Save

274 N US-31 S

Traverse City, MI, 49685
$ 1,985,000
Bedrooms-- Baths-- Sq 8,250

Monthly Estimate*

$ 12,222

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Commercial Property for sale in Traverse City, MI

for $1,985,000. 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 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 25,600 cars per day in 2023. 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.

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Commercial Active

Price

$ 1,985,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

2.9

Year Built

1983

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1918655
Features
General
Sewer Private Sewer
Heating Forced Air Space Heater Natural Gas
Cooling Ductless
Possession Close Of Escrow Subject To Tenant Rights
Roof Asphalt
Construction Materials Frame Steel
Year Built 1983
Township Garfield
Property Subtype Retail
Business Type Manufacture/Warehouse Retail Professional Service
Accessibility Accessible Entrance
Assoc Fee Paid Per Annually
Business Name None
County Grand Traverse
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name None
Garage Y/N N
Building Features 16ft Ceiling Height
Rent Includes None
Status Active
Directions Northeast corner of US 31 S and Sundowner Dr.
City Traverse City
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 126324
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Ownership Type Private Owner
Lease Amount Frequency Annually
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
Freehold IDX
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Exterior
Parking Features Parking Lot
Lot Features Corner Lot Freestanding
Water Source Private
Lot Size Area 2.9
Foundation Details Slab
Spa N
Lot Dimensions 414 X 305
Lot Size Acres 2.9
Other Parking Parking Lot
Waterfront Y/N N
Door Features Overhead Door(s)
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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* Excluded Features
List By
Three West, Llc

Broker

(231) 929-2955

Phone

Affordability Calculator

$12,222
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,222
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2034270 Elementary School
2034440 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/29/2025$1,985,000 -8.74% Price Down
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 $1,985,000 with 8,250 sqft and a lot size of 2.9. 274 N US-31 S was built in 1983. The property's zip code is 49685 which is in Traverse City, MI

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