274 N Us-31 S Traverse City, MI ^$ 1,985,000

274 N Us-31 S

^$ 1,985,000

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274 N Us-31 S

Traverse City, MI, 49685

^$ 1,985,000

Bedrooms-- Baths-- Sq 8,250

Monthly Estimate*

^$ 12,384

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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 14â X14â overhead doors in rear of building. 16â 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.

Commercial Active

Price

^$ 1,985,000

Property Type

Commercial

Taxes

^$ 0

Style

Retail/Commercial

Lot Size

2.9

Year Built

1983

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1918655

Features

General

Roof Asphalt

Zoning Commercial

Sewer Private Septic

Construction Frame

Interior

Basement Slab

Exterior

Exterior Features Steel

* Excluded Features

List By

Three West, Llc

Broker

(231) 620-5705

Phone

Affordability Calculator

$12,384

Per Month

Monthly Principal & Interest: $12,384
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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 ^$536,020

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.

2034270 Elementary School

2034440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/12/2025.

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274 N Us-31 S

Commercial Property for sale in Traverse City, MI

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