4290 N US Highway 31 N | Traverse City, MI 49686
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4290 N US Highway 31 N
Traverse City, MI 49686
Retail Property For Sale
Executive Summary
Incredible unobstructed views of Grand Traverse Bay from this prime development site on high traffic commercial cooridor with great visibility. Currently there is a 15,682 SF building on the property with 2 driveways and plenty of parking. The site is 1.5 acres. The TART trail runs along the back of the property and there is a large outdoor play structure on the property. This is a great redevelopment opportunity for retail, hospitality, restaurant, office, multi-family and more. The existing building could be used as is, split into multiple businesses, added onto, or removed. Land is zoned Commercial Corridor allowing for mixed use development. Size of existing building taken from tax record and to be confirmed by buyer.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,682 SF
Building Class
C
Year Built/Renovated
1949/2007
Price
$2,304,160 CAD
Price Per SF
$147 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.50 AC
Zoning
C-Corridor Commercial
Parking
50 Spaces (3.19 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
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