1212 W South Airport Road # C Traverse City, MI $ 2,500,000
1212 W South Airport Road # C
$ 2,500,000
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1212 W South Airport Road # C

Traverse City, MI, 49686
$ 2,500,000
Bedrooms-- Baths-- Sq 61,502

Monthly Estimate*

$ 15,393

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Commercial Property for sale in Traverse City, MI

for $2,500,000. This 61,502 square foot building was built in 1977 on a lot size of 8.48.

K1 Speed is an exciting indoor go-kart racing facility located in Traverse City, Michigan, offering a high-energy entertainment experience for all ages. This turnkey business features a professionally designed indoor track, state-of-the-art electric go-karts, an extensive arcade, the Paddock Lounge restaurant and bar, and a strong brand reputation known for safety, speed, and fun. The climate-controlled environment allows for year-round operation, making it a consistent revenue generator regardless of weather. K1 Speed hosts birthday parties, team-building events, and private group bookings, providing multiple income streams. This business benefits from steady local traffic as well as seasonal tourism.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

8.48

Year Built

1977

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1943210

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Possession Close Of Escrow Negotiable
Roof Membrane
Security Features Security System Fire Sprinkler System
Construction Materials Frame Block Steel
Year Built 1977
Township Garfield
Unit Number C
Property Subtype Shopping Center
Business Type Recreation
Accessibility Accessible Doors Accessible Hallway(s) Main Floor Access Accessible Entrance Covered Entrance Bathroom Sink Accessible Kitchen Grip-Accessible Features Hand Rails Levered Door Knobs Rocker Light Swit
Assoc Fee Paid Per Annually
Business Name K1 Speed
County Grand Traverse
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Cherryland Center
Garage Y/N N
Building Features 20ft Ceiling Height
Rent Includes None
Status New
Directions Corner of Garfield Ave and Airport Rd.
City Traverse City
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 369388.8
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
Tax Assessed Value 2496968
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description see documents
Freehold IDX
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Interior
Flooring Concrete
Furnished Y/N Furniture/Fixtures
Basement (Y/N) N
Air Conditioning Y/N N
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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Exterior
Parking Features Shopping Center
Lot Features Shopping Center
Water Source Public
Lot Size Area 8.48
Foundation Details Slab
Spa N
Lot Size Acres 8.48
Other Parking Shopping Center
Waterfront Y/N N
Other Equipment Compressor
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Coldwell Banker Schmidt Traverse City

Broker

Cell: 231-929-7985

Contact

Affordability Calculator

$15,393
Per Month
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0%
0%
Monthly Principal & Interest
$15,393
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
Pricing History
DatePricePrice ChangeDescription
3/25/2026$2,500,000 Listed Price

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1212 W South Airport Road # C, Traverse City, MI, 49686 is a Commercial Property for sale at $2,500,000 with 61,502 sqft and a lot size of 8.48. 1212 W South Airport Road # C was built in 1977. The property's zip code is 49686 which is in Traverse City, MI