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1212 W South Airport Rd W 101,386 SF Vacant Retail Building Traverse City, MI 49686 $10,342,050 CAD ($102.01 CAD/SF)

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Executive Summary

High-visibility commercial property located in the Cherryland Center at the prominent corner of Garfield Avenue and South Airport Road. This 101,386 square foot commercial building offers exceptional flexibility for a wide range of experience, entertainment, recreational, warehouse, automotive, or redevelopment opportunities. Part of the building has a long-term lease in place with K1 Speed, the property also offers extensive additional space for leasing, owner occupancy, or redevelopment. Designed to accommodate high-capacity experience operations, the facility features 20-foot ceilings and a functional layout that includes multiple semi and shop bays. Infrastructure highlights include three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a separate shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, providing excellent access, workflow efficiency, and adaptability for a variety of uses. The property offers 459 on-site parking spaces, strong surrounding experienced business synergy, and outstanding visibility along one of Traverse City's busiest commercial corridors. A rare opportunity to acquire a highly adaptable commercial asset in a premier location with significant long-term value and redevelopment potential.

site plan

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Department Store

Building Size

101,386 SF

Building Class

Year Built/Renovated

1977/2024

Price

$10,342,050 CAD

Price Per SF

$102.01 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)

Corner Lot

Security System

Air Conditioning

ENERGY STAR certified buildings save energy and help protect the environment.

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

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