274 N US Highway 31 S - Auto Repair FOR SALE


Traverse City, MI 49685
$1,985,000 USD
231-534-5225
274 N US Highway 31 S, Traverse City, MI for Sale
$1,985,000 USD
Auto Repair - FOR SALE
1/14
null | Request Cap Rate

274 N US Highway 31 S
Traverse City, MI 49685


HIGHLIGHTS

  • High Visibility
  • 414 ft US 31 Frontage
  • 16 ft Ceilings
  • 4-14’ X14' overhead doors

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,985,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.89 AC

LAND SF

125,888 SF

ZONING

C-1

APN/PARCEL ID

05-033-010-22

ASK ABOUT THIS PROPERTY

Kevin EndresThree West LLCMore Info
231-534-5225

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Kevin EndresThree West LLCMore Info
231-534-5225

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