About 274 N Us-31 S
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.
Features of 274 N Us-31 S
| MLS® # | 1918655 |
|---|---|
| Price | $2,175,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,250 |
| Acres | 2.90 |
| Year Built | 1983 |
| Type | Commercial |
| Sub-Type | Retail/Commercial, Commercial Sale |
| Status | Active |
Community Information
| Address | 274 N Us-31 S |
|---|---|
| Subdivision | None |
| City | Traverse City |
| County | Grand Traverse |
| Province | Michigan |
| Postal Code | 49685 |
Amenities
| Utilities | WATER: Private Well SEWER: Private Septic |
|---|---|
| Features | Overhead Door(s), 16ft Ceiling Height |
| Parking | Parking Lot |
| Is Waterfront | No |
Interior
| Heating | Natural Gas, Forced Air, Space Heater, Ductless A/C |
|---|---|
| Has Basement | No |
| Basement | Slab |
Exterior
| Exterior Features | Steel |
|---|---|
| Lot Description | 414 X 305 |
| Roof | Asphalt |
| Construction | Frame |
Additional Information
| Date Listed | January 12th, 2024 |
|---|---|
| Days on Market | 272 |
| Zoning | Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Three West, LLC |
|---|