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Improved Commercial Land for Sale in Traverse City, Michigan
274 N US-31 S, Traverse City, MI 49685
$1,985,000
2.9 acres
Active
$190k drop
Est $11,959/moHighly visible, 2.89 acre Parcel with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive. Large open retail building with great visibility and easy ingress/egress on US-31. The building is 7,104 Sq Ft with additional 1,146 Sq Ft on second level for a total of 8,250 Sq Ft. Four 14' X14' overhead doors in rear of building. 16' ceiling height. Mezzanine offices overlook sales floor. Nicely remodeled. Plenty of parking with tremendous space for outside display. US 31 South had 25,600 cars per day in 2023. Currently leased to two tenants with an annual rental income of $158,244 NNN. One Tenant is leaving and the other can be moved. Ready for a new tenant or owner occupied use.
8,250
Sq feet
1983
Built
Location
- Street address
- 274 N US-31 S
- County
- Grand Traverse County
- Elevation
- 906 feet
Directions
Northeast corner of US 31 S and Sundowner Dr.
Property details
- Acreage
- 2.9 acres
- Zoning
- Commercial
- MLS #
- TAAR 1918655
- Posted
Parcels
- 05-033-010-22
Details and features
Listing
- Type
- Commercial Sale
Structure
- Heating
- Forced Air
- Roof
- Asphalt
Interior
- Rooms
- Basement
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 29, 2025 | Price drop | $1,985,000 | $190,000 -8.7% | TAAR |
| Jan 13, 2024 | New listing | $2,175,000 | — | TAAR |
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