4290 Us-31Traverse City, MI 49686

For Sale
$3,300,000
Prime US-31 Retail Land, 3.69 Acres

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 3.69-acre commercial property in Traverse City, Michigan, boasts 22,520 square feet of existing buildings on a high-traffic US-31 location. Situated 0.2 miles north of Holiday Hills Road, across from East Bay between Burger King and Murdick's Fudge, this site offers incredible visibility with over 700 feet of frontage on US-31 and unobstructed views of East Grand Traverse Bay. The property includes four driveways, ample parking, and an outdoor playground. Currently zoned Commercial Corridor, allowing for mixed-use development, this site presents a unique opportunity for redevelopment. Existing buildings could be repurposed, subdivided, expanded, or removed to accommodate a variety of uses, including multi-family, hotel, restaurant, retail, or office space. The Traverse Area Recreational Trail (TART) borders the property, providing convenient access to downtown. High traffic counts and the existing infrastructure make this a compelling investment opportunity. The asking price is $3,300,000.

Highlights

  • $3,300,000 asking price.
  • 3.69-acre commercial land and retail property totaling 22,520 square feet.
  • High-visibility location on US-31 in Traverse City, MI, near major retailers and with excellent views of East Grand Traverse Bay.
  • Zoned Commercial Corridor, allowing for mixed-use development including multi-family, hotel, restaurant, retail, or office.
  • Features four driveways, ample parking, and an existing playground.

Property Details for 4290 Us-31

Property type
Retail properties, Land
Square Feet
22,520 SF

Location Insight

City
Traverse City
County
Grand Traverse
State
Michigan
Latitude
44.8474167
Longitude
-85.5303235
4290 Us-31, Traverse City, Michigan

FAQs

What type of property is this?
Retail property - Prime US-31 Retail Land, 3.69 Acres
Where is the retail property located?
The property is located at 4290 Us-31 Traverse City, MI.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: $3,300,000 asking price.; 3.69-acre commercial land and retail property totaling 22,520 square feet.; High-visibility location on US-31 in Traverse City, MI, near major retailers and with excellent views of East Grand Traverse Bay.
How can I contact the broker?
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4290 Us-31
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