2751 N Us-31 S Traverse City, MI $ 2,200,000
2751 N Us-31 S
$ 2,200,000
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2751 N Us-31 S

Traverse City, MI, 49684
$ 2,200,000
Bedrooms-- Baths-- Sq 13,550

Monthly Estimate*

$ 13,725

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Commercial Property for sale in Traverse City, MI

for $2,200,000. This 13,550 square foot building was built in 1954 on a lot size of 1.28.

An outstanding opportunity to own a highly visible, income-producing commercial property on one of Traverse City's busiest corridors. This multi-tenant building sits directly on South US-31, offering excellent exposure, high traffic counts, and convenient access for customers and tenants alike. The building is currently configured into four separate units. Two units are tenant-occupied and generating rental income, while the remaining two are vacant and ready for immediate use. This setup makes the property ideal for an investor looking for immediate cash flow with additional leasing upside, or for an owner-occupant who can take advantage of the vacant space while earning income from the rented units. The property features ample on-site parking, prominent signage opportunities, and a flexible layout that accommodates a range of uses, including office, retail, or service-based businesses. Located just minutes from downtown Traverse City in a well-established commercial area, this is a rare chance to acquire a versatile and revenue-generating asset in one of Northern Michigan's most active and desirable business corridors.

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Commercial Active

Price

$ 2,200,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial/Industrial

Lot Size

1.28

Year Built

1954

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80056694

Features
General
Heating Forced Air
Cooling Central A/C Other
Possession Negotiable (Possession)
Water Public Water
Status Active Active
Year Built 1954
Parking Parking Lot
Subdivision metes and bounds MI
County Grand Traverse
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name None
Ownership Private
Municipality Garfield Twp
Section 21
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features 3 Phase Power Bath Other Sprinkler System
Area Garfield Twp (28005)
Primary City Traverse City
Directions West side of US-31 north of S. Airport rd between car wash and Red Lobster
City Traverse City
Financial Terms Cash Commercial Loan Conventional Exchange/Trade
Legal Description PRT NE 1/4 OF NW 1/4 SEC 21 T27N R11W BEG 462' N OF SE COR TH S 89 DEG 59' W 298.49' TH N 0 DEG 33' W 187.36' TH N 90 DEG E 298.49' TH S 0 DEG 33' E 187.31' TO POB EXC HWY R/W
DOM 224
Postal Code 49684
Price Per Sq Ft Total AG 162.36
Public Remarks An outstanding opportunity to own a highly visible income-producing commercial property on one of Traverse City's busiest corridors. This multi-tenant building sits directly on South US-31
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Exterior
Exterior Frame Stucco
Lot Size Area 1.28
Lot Dimensions 187X298
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Interior
Ceiling Height 16-20 Feet
Fuel Type Natural Gas
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* Excluded Features
List By
David Cutler

Listing Agent

Twin Bay Properties, Llc

Broker

dave@twinbayproperties.com

Email

Affordability Calculator

$13,725
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,725
Monthly Property Taxes
--
Monthly 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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2025$2,200,000 Listed Price

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2751 N Us-31 S, Traverse City, MI, 49684 is a Commercial Property for sale at $2,200,000 with 13,550 sqft and a lot size of 1.28. 2751 N Us-31 S was built in 1954. The property's zip code is 49684 which is in Traverse City, MI