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3566 N US Highway 31 S

13,515 SF Flex Building Traverse City, MI 49684 $1,750,000 ($129/SF)

Investment Highlights

  • Property is located within an Opportunity Zone.
  • Join New Hilton Hotel. A 100 room "TRU" Brand Hotel will anchor the site and will be located behind this parcel to the west.
  • Retail Development Opportunities Available!

Executive Summary

PRICE REDUCED Includes 13,515 square foot auto dealership building. Built in 2001. Building includes retail showroom and private offices, two restrooms, conference room, and lounge. Center of building includes storage/parts area, 7 service bays plus 3 bay oil change area. 18' high. Also includes 1350 square foot basement, 1500 sf mezzanine, custom cabinetry, and fireplace. CH Commercial District. Property is located within an Opportunity Zone. Please ask about tax credits. Retail Development Opportunities Available! Join New Hilton Hotel. A 100 room "TRU" Brand Hotel will anchor the site and will be located behind this parcel to the west. A second hotel started construction in 2022. This property offers an excellent retail opportunity located directly in front of both hotels. Land for Sale or Build to Suit. Sale or Lease.

Property Facts

Price $1,750,000
Price Per SF $129
Sale Type Owner User
Sale Conditions Redevelopment Project
Property Type Flex
Property Subtype Light Distribution
Building Class C
Lot Size 2.04 AC
Rentable Building Area 13,515 SF
No. Stories 1
Year Built 2001
Tenancy Single
Parking Ratio 2.29/1,000 SF
Clear Ceiling Height 18 FT
No. Drive In / Grade-Level Doors 10
Opportunity Zone Yes

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 13,515 SF
  • Flex
  • Full Build-Out
  • Now

Includes 13,515 sq. ft. Auto Dealership building built in 2001 with 18' high retail showroom, private offices, 2 restrooms, conference room, lounge; storage/parts area, 7 service bays, & 3 oil change bays; 1350 sq. ft. basement; 1500 sq. ft. mezzanine; custom cabinetry; fireplace

Space Size Space Use Condition Available
1st Floor 13,515 SF Flex Full Build-Out Now

1st Floor

Size
13,515 SF
Space Use
Flex
Condition
Full Build-Out
Available
Now

1st Floor

Size 13,515 SF
Space Use Flex
Condition Full Build-Out
Available Now

Includes 13,515 sq. ft. Auto Dealership building built in 2001 with 18' high retail showroom, private offices, 2 restrooms, conference room, lounge; storage/parts area, 7 service bays, & 3 oil change bays; 1350 sq. ft. basement; 1500 sq. ft. mezzanine; custom cabinetry; fireplace

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-016-016-65
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$875,700

zoning

Zoning Code CI (Commercial Improved)
CI (Commercial Improved)
  • Listing ID: 21536989

  • Date on Market: 11/18/2020

  • Last Updated:

  • Address: 3566 N US Highway 31 S, Traverse City, MI 49684

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