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

1212 W South Airport Road # Unit: C

^$ 2,500,000

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1212 W South Airport Road # Unit: 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.

Commercial Active

Price

^$ 2,500,000

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

8.48

Year Built

1977

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80066350

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Year Built 1977

Subdivision Cherryland Center MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Business Name K1 Speed

Ownership Private

Municipality Garfield Twp

Section 14

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Commercial Features ADA Accessible Concrete Floor Fixtures Security Syetem Owned Sprinkler System

Area Garfield Twp (28005)

Primary City Traverse City

Location Shopping Center

Directions Corner of Garfield Ave and Airport Rd.

City Traverse City

Financial Terms Cash Commercial Loan Conventional Exchange/Trade

Legal Description see documents

DOM 3

Postal Code 49686

Price Per Sq Ft Total AG 40.65

Public Remarks K1 Speed is an exciting indoor go-kart racing facility located in Traverse City Michigan

Exterior

Exterior Frame

Lot Size Area 8.48

Lot Dimensions irregular see docs

Interior

Ceiling Height 16-20 Feet

Fuel Type Natural Gas

* Excluded Features

List By

Mark Hagan

Listing Agent

Coldwell Banker Schmidt Traverse City

Broker

info@markhagan.com

Affordability Calculator

$15,393

Per Month

Monthly Principal & Interest: $15,393
Monthly Property Taxes: --
Monthly Home Insurance: --

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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

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$792,872

Percent of Sale Price 68%

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.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/25/2026	$2,500,000		Listed Price

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1212 W South Airport Road # Unit: 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 # Unit: C was built in 1977. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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1212 W South Airport Road # Unit: C

Commercial Property for sale in Traverse City, MI

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