966 W South Airport Road Traverse City, MI $ 569,000
966 W South Airport Road
$ 569,000
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966 W South Airport Road

Traverse City, MI, 49686
$ 569,000
Bedrooms-- Baths-- Sq 7,380
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Property for Rent in Traverse City, MI

for $569,000. This 7,380 square foot property was built in 1967 on a lot size of 0.56.

2 tenant investment property on busy South Airport Road near the Traverse City airport. Leases are short-term, so that a buyer could use the property if they want to, however the tenants would like to keep renting, so longer term leases are also a possibility for investors. Current leases are below market providing upside potential for a buyer. Tenants include Boyd Sewing and Top Comics. The Boyd Sewing space has a retail sales area, classroom, loft for additional storage. and living quarters on the second floor with kitchen and full bathroom. Priced to sell at a 7.7% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value.

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Rental Active

Price

$ 569,000

Taxes

$ 0

Style

Lot Size

0.56

Year Built

1967

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1940890

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Negotiable Subject To Tenant Rights
Roof Asphalt Metal
Security Features Fire Sprinkler System
Construction Materials Steel Siding Frame Wood Siding Block
Year Built 1967
Township Garfield
Property Subtype Retail
Business Type Professional/Office Retail
Accessibility Main Floor Access Accessible Entrance
Assoc Fee Paid Per Annually
Business Name na
County Grand Traverse
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name na
Garage Y/N N
Building Features Mezzanine
Rent Includes Other
Status Active
Directions Near the intersection of South Airport & Garfield on the north side towards the airport.
City Traverse City
Zoning Description Office Retail Commercial Restaurant/Food Automotive Service
Lot Size Units Acres
Lot Size Square Feet 24393.6
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N Y
Lease Type Modified Gross Lease
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 210701
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description partial from tax record: GA 117 E-1 BEG 247.5' E OF SW COR NW 1/4 OF SW 1/4 TH N 247.5' TH E 99' TH S 247.5 TH W ON 1/8 LINE 99' TO POB SEC 13 T27N R11W EXC RD R/W.
Freehold IDX
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Exterior
Parking Features Parking Lot Paved
Lot Features Freestanding
Water Source Public
Lot Size Area 0.56
Foundation Details Slab
Spa N
Lot Dimensions 99' x 247.5'
Lot Size Acres 0.56
Road Surface Type Asphalt
Other Parking Parking Lot Paved
Waterfront Y/N N
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
Coldwell Banker Schmidt Traver

Broker

(231) 922-2350

Phone

Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/1/2025$569,000 Listed Price

Map


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966 W South Airport Road, Traverse City, MI, 49686 is a Property for Rent at $569,000 with 7,380 sqft and a lot size of 0.56. 966 W South Airport Road was built in 1967. The property's zip code is 49686 which is in Traverse City, MI