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1212 W South Airport Rd W
Traverse City, MI 49686
Retail Property For Sale
Executive Summary
High-visibility commercial entertainment property located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road. Currently operating as K1 Speed Traverse City, this purpose-built facility offers a proven, year-round entertainment concept featuring an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. Creating a true all-in-one entertainment destination and a major draw for families, businesses, and visitors. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. Ample on-site parking with 459 spaces, strong surrounding retail presence, and direct exposure along one of Traverse City’s most active commercial corridors further enhance the property’s long-term value and redevelopment potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
101,386 SF
Building Class
C
Year Built/Renovated
1977/2024
Price
$15,006,641 CAD
Price Per SF
$148.01 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
8.48 AC
Opportunity Zone
Yes
Zoning
C-P SHOP - Commercial
Parking
475 Spaces (4.69 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Security System
- Air Conditioning
Property Taxes
| Parcel Number | 05-014-049-10 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,151,246 CAD |
Property Taxes
Parcel Number
05-014-049-10
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,151,246 CAD
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