Improved Commercial Land for Sale in Traverse City, Michigan
274 N US-31 S, Traverse City, MI 49685
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.
Location
- Street address
- 274 N US-31 S
- County
- Grand Traverse County
- Zip code
- 49685
- Community
- Grand Traverse
- 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
Legal description
COM W1/4 COR SEC 33 T27N R11W TH S 1000 TO POB TH S 414' TH E 305' TH N 414' TH W 305' TO POB EXC HWY ROW
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Retail
Lot
- Features
- Corner Lot, Freestanding
Exterior
- Parking
- Parking Lot
- Features
- Steel
Structure
- Water
- Private
- Materials
- Frame
- Roof
- Asphalt
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 |