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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/mo

Highly 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
Elevation
906 feet
Coordinates
44.6904, -85.6556

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

DateEventPriceChangeSource
July 29, 2025Price drop$1,985,000$190,000 -8.7%TAAR
Jan 13, 2024New listing$2,175,000TAAR
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This 2.9-acre property is located at 274 N US-31 S in Traverse City, MI 49685. The property is available for sale for $1,985,000. It has a 8,250 sq ft structure built in 1983.

Checked 39 mins ago — Updated

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