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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
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,250 SF
Building Class
C
Year Built
1983
Price
$2,698,608 CAD
Price Per SF
$327.10 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.89 AC
Zoning
C-1 - Commercial

Amenities

  • Dedicated Turn Lane

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 8,250 SF
  • Retail
  • -
  • 30 Days

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. Ready for a new tenant or owner occupied use.

Space Size Space Use Position Available
1st Floor 8,250 SF Retail - 30 Days

1st Floor

Size
8,250 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size 8,250 SF
Space Use Retail
Position -
Available 30 Days

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. Ready for a new tenant or owner occupied use.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
05-033-010-22
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$954,946 CAD
  • Listing ID: 30648871

  • Date on Market: 2024-01-12

  • Last Updated:

  • Address: 274 N US Highway 31 S, Traverse City, MI 49685

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