1212 W South Airport Rd W - Department Store FOR SALE


Traverse City, MI 49686
$7,500,000 USD
231-620-2418
1212 W South Airport Rd W, Traverse City, MI for Sale
$7,500,000 USD
Department Store - FOR SALE
1/62
null | Request Cap Rate

1212 W South Airport Rd W
Traverse City, MI 49686


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

475

LAND DETAILS

LAND ACRES

8.48 AC

LAND SF

369,389 SF

ZONING

C-P SHOP

APN/PARCEL ID

05-014-049-10

ASK ABOUT THIS PROPERTY

Mark HaganColdwell Banker Schmidt RealtorsMore Info
231-620-2418

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Mark HaganColdwell Banker Schmidt RealtorsMore Info
231-620-2418

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.