274 N US Highway 31 S
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274 N US Highway 31 S
7,104 SF 100% Leased Retail Building Traverse City, MI 49685 $2,175,000 ($306/SF)
Investment Highlights
- High Visibility
- 16 ft Ceilings
- 414 ft US 31 Frontage
- 4-14’ X14' overhead doors
Executive Summary
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 24,758 cars per day in 2022. 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,104 SF
Building Class
C
Year Built
1985
Price
$2,175,000
Price Per SF
$306
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
2.89 AC
Zoning
Commercial
Frontage
175 FT on US Highway 31 South
Amenities
- Dedicated Turn Lane
1 of 12
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274 N US Highway 31 S
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