1212 W South Airport Road Traverse City, MI $ 11,000,000
1212 W South Airport Road
$ 11,000,000
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1212 W South Airport Road

Traverse City, MI, 49686
$ 11,000,000
Bedrooms-- Baths-- Sq 101,386

Monthly Estimate*

$ 67,729

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Commercial Property for sale in Traverse City, MI

for $11,000,000. This 101,386 square foot building was built in 1977 on a lot size of 8.48.

High-visibility commercial entertainment property located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road. Currently operating as K1 Speed Traverse City, this purpose-built facility offers a proven, year-round entertainment concept featuring an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. Creating a true all-in-one entertainment destination and a major draw for families, businesses, and visitors. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. Ample on-site parking with 459 spaces, strong surrounding retail presence, and direct exposure along one of Traverse City’s most active commercial corridors further enhance the property’s long-term value and redevelopment potential.

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Commercial Active

Price

$ 11,000,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

8.48

Year Built

1977

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1943209

Features
General
Sewer Public Sewer
Heating Forced Air Hot Water Ceiling Natural Gas
Cooling Electric Multi Units
Possession Close Of Escrow
Roof Membrane
Security Features Security System Fire Sprinkler System
Construction Materials Block Steel Siding
Year Built 1977
Electric 3-Phase Electric
Township Garfield
Property Subtype Shopping Center
Business Type Professional Service
Accessibility Accessible Doors Accessible Hallway(s) Main Floor Access Accessible Entrance Covered Entrance Accessible Approach with Ramp
Assoc Fee Paid Per Annually
Business Name K1 Speed
County Grand Traverse
New Construction N
Property Type Commercial Sale
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name Cherryland Center
Garage Y/N N
Building Features Loading Dock(s) 20ft Ceiling Height
Green Water Conservation Not Applicable
Rent Includes None
Status New
Directions On the corner of Garfield Ave and South Airport Road
City Traverse City
Zoning Description Office Retail Commercial Restaurant/Food
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 docs
Freehold IDX
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Interior
Flooring Concrete
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 Common Parking Lot Shopping Center
Lot Features Shopping Center
Water Source Public
Lot Size Area 8.48
Foundation Details Block Slab
Spa N
Lot Size Acres 8.48
Road Surface Type Asphalt
Other Parking Common Parking Lot Shopping Center
Waterfront Y/N N
Door Features Overhead Door(s)
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

$67,729
Per Month
100%
0%
0%
Monthly Principal & Interest
$67,729
Monthly Property Taxes
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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$11,000,000 Listed Price

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1212 W South Airport Road, Traverse City, MI, 49686 is a Commercial Property for sale at $11,000,000 with 101,386 sqft and a lot size of 8.48. 1212 W South Airport Road was built in 1977. The property's zip code is 49686 which is in Traverse City, MI