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$2,200,000
Est. payment /mo
13,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 13,550 sqft
Price per Sqft $162
Subdivision Mi
MLS Listing ID 80056694
Year Built 1954
Lot Size 1.280 Acres
Acres 1.28
Lot Dimensions 187X298
Property Sub-Type Commercial/Industrial
Property Description
An outstanding opportunity to own a highly visible, income-producing commercial property on one of Traverse City’s busiest corridors. This multi-tenant building sits directly on South US-31, offering excellent exposure, high traffic counts, and convenient access for customers and tenants alike. The building is currently configured into four separate units. Two units are tenant-occupied and generating rental income, while the remaining two are vacant and ready for immediate use. This setup makes the property ideal for an investor looking for immediate cash flow with additional leasing upside, or for an owner-occupant who can take advantage of the vacant space while earning income from the rented units. The property features ample on-site parking, prominent signage opportunities, and a flexible layout that accommodates a range of uses, including office, retail, or service-based businesses. Located just minutes from downtown Traverse City in a well-established commercial area, this is a rare chance to acquire a versatile and revenue-generating asset in one of Northern Michigan’s most active and desirable business corridors.
Location
State MI
County Grand Traverse
Area Garfield Twp (28005)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C, Other
Exterior
Parking Features Parking Lot
Building
Foundation Slab
Water Public Water
Structure Type Frame,Stucco
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional,Exchange/Trade
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Listed by Twin Bay Properties, LLC