2751 N US-31 S Traverse City, MI $ 2,390,000
2751 N US-31 S
$ 2,390,000
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2751 N US-31 S

Traverse City, MI, 49684
$ 2,390,000
Bedrooms-- Baths7.0 Sq 13,550

Monthly Estimate*

$ 15,091

2751 N US-31 S, Traverse City, MI 49684 - Image 1
2751 N US-31 S, Traverse City, MI 49684 - Image 2
2751 N US-31 S, Traverse City, MI 49684 - Image 3
2751 N US-31 S, Traverse City, MI 49684 - Image 4
2751 N US-31 S, Traverse City, MI 49684 - Image 5
2751 N US-31 S, Traverse City, MI 49684 - Image 6

Commercial Property for sale in Traverse City, MI

for $2,390,000 with 7 full baths. This 13,550 square foot building was built in 1954 on a lot size of 1.28.

Exceptional investment opportunity in one of Traverse City’s most highly visible commercial corridors. This fully occupied, multi-tenant commercial property is strategically located on US-31 in Garfield Township, next to Red Lobster and across from Chick-fil-A. The property is currently leased to four established tenants, all operating under newer or recently renewed leases with annual rent increases. All leases are true triple-net (NNN), providing an attractive, stabilized investment opportunity with predictable income growth. Excellent visibility, strong traffic counts, convenient access, and a highly desirable location surrounded by established national and local businesses. Rent roll and additional financial information available to qualified buyers upon request.

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Commercial Active

Price

$ 2,390,000

Full Bath

7

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

1.28

Year Built

1954

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1949731

Features
General
Sewer Public Sewer
Heating Heat Pump Forced Air Natural Gas
Cooling Central Air Ductless Zoned Electric Multi Units
Possession Close Of Escrow
Roof Membrane
Security Features Fire Sprinkler System
Construction Materials Block Other Frame Stucco/Drivit
Year Built 1954
Electric 3-Phase Electric
Township Garfield
Property Subtype Retail
Business Type Auto Service Education/School Food & Beverage Retail Other Bar/Tavern/Lounge Convenience Store Garden Store
Accessibility None
Assoc Fee Paid Per Annually
Business Name G&D Family Investments L
County Grand Traverse
New Construction N
Property Type Commercial Sale
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name Meets and Bounds
Garage Y/N N
Building Features Mezzanine 12ft Ceiling Height 16ft Ceiling Height Other
Green Water Conservation Not Applicable
Rent Includes None
Status Active
Directions From Traverse CIty take US-31 (Division Street) south to just north of Airport Road on West Side next to Red Lobster and across from Chix Filet
City Traverse City
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 55756.8
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 444900
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description PRT NE 1/4 OF NW 1/4 SEC 21 T27N R11W BEG 462' N OF SE COR TH S 89 DEG 59' W 298.49' TH N 0 DEG 33' W 187.36' TH N 90 DEG E 298.49' TH S 0 DEG 33' E 187.31' TO POB EXC HWY R/W
Freehold VOW BBO IDX
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Exterior
Parking Features Common Paved Parking Lot
Lot Features Freestanding
Water Source Public
Lot Size Area 1.28
Foundation Details Slab
Spa N
Lot Dimensions 187.27' X 298.55'
Lot Size Acres 1.28
Road Surface Type Asphalt
Other Parking Common Paved Parking Lot
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
Total Baths 7
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* Excluded Features
List By
Twin Bay Properties, Llc

Broker

(231) 357-7800

Phone

Affordability Calculator

$15,091
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,091
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/24/2026$2,390,000 Listed Price

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2751 N US-31 S, Traverse City, MI, 49684 is a Commercial Property for sale at $2,390,000 with 13,550 sqft and a lot size of 1.28. 2751 N US-31 S has 7.0 baths and was built in 1954. The property's zip code is 49684 which is in Traverse City, MI