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

Business

Lot Size

8.48

Year Built

1977

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80066351

Features
General
Heating Forced Air Hot Water
Possession At Close
Water Public Water
Status Active Active
Year Built 1977
Parking Parking Lot
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 Professional Office Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features 3 Phase Power ADA Accessible Concrete Floor Loading Dock(s) Overhead Doors Security Syetem Owned Sprinkler System
Area Garfield Twp (28005)
Primary City Traverse City
Location Shopping Center
Directions On the corner of Garfield Ave and South Airport Road
City Traverse City
Financial Terms Cash Commercial Loan Conventional Exchange/Trade
Legal Description see docs
DOM 1
Postal Code 49686
Price Per Sq Ft Total AG 108.5
Public Remarks 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
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Exterior
Exterior Block Steel
Lot Size Area 8.48
Lot Dimensions irregular
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Interior
Ceiling Height 16-20 Feet
Fuel Type Electric Natural Gas
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* Excluded Features
List By
Mark Hagan

Listing Agent

Coldwell Banker Schmidt Traverse City

Broker

info@markhagan.com

Email

Affordability Calculator

$67,729
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Monthly Principal & Interest
$67,729
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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
760529 Elementary School
760235 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