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1212 W South Airport Road

Traverse City, MI 49686
  • $11,000,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1943209
UPDATED: 33 min ago
$11,000,000
  • 0
    BEDS
  • 8.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 101,386
    SQFT
  • $108
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1977
County:

School Ratings & Info

Description

High-visibility commercial entertainment property located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road. Currently operating as K1 Speed Traverse City, this purpose-built facility offers a proven, year-round entertainment concept featuring an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. Creating a true all-in-one entertainment destination and a major draw for families, businesses, and visitors. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. Ample on-site parking with 459 spaces, strong surrounding retail presence, and direct exposure along one of Traverse City’s most active commercial corridors further enhance the property’s long-term value and redevelopment potential.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-22T12:51:52.11.
www.housestraversecity.com/homes/174440692
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1212 W South Airport Road Traverse City, MI 49686

  • Price: $11,000,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 33 min ago
  • MLS #: 1943209
0
Beds
0
Baths
0
½ Baths
8.48
Acres
101,386
SQFT
$108
$/SQFT
1977
Built
Neighborhood:
Cherryland Center
County:
Grand Traverse
Area:
Grand Traverse
Property Description
High-visibility commercial entertainment property located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road. Currently operating as K1 Speed Traverse City, this purpose-built facility offers a proven, year-round entertainment concept featuring an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. Creating a true all-in-one entertainment destination and a major draw for families, businesses, and visitors. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. Ample on-site parking with 459 spaces, strong surrounding retail presence, and direct exposure along one of Traverse City’s most active commercial corridors further enhance the property’s long-term value and redevelopment potential.
Exterior Features

Construction Materials BlockSteel Siding Door Features Overhead Door(s) Foundation Details BlockSlab Garage YN No Roof Membrane

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Accessible DoorsAccessible Hallway(s)Main Floor AccessAccessible EntranceCovered EntranceAccessible Approach with Ramp Below Grade Finished Area Units Square Feet Cooling ElectricMulti Units Flooring Concrete Green Energy Efficient Not Applicable Heating Forced AirHot WaterCeilingNatural Gas Heating YN Yes

Property Features

Association Fee Frequency Annually Building Features Loading Dock(s)20ft Ceiling Height Business Incl Yes Business Type Professional Service Deeded Waterfront No ECOFeatures No Electric 3-Phase Electric Green Water Conservation Not Applicable Inventory Incl Yes Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms ConventionalCommercial LoanCash1031 Exchange Lot Features Shopping Center New Construction YN No Occupied Yes Open Parking YN Yes Other Parking CommonParking LotShopping Center Ownership Type Private Owner Parking Features CommonParking LotShopping Center Possession Close Of Escrow Property Sub Type Shopping Center Real Estate Incl Yes Rent Includes None Road Responsibility Public Maintained Road Road Surface Type Asphalt Security Features Security SystemFire Sprinkler System Sewer Public Sewer Special Licenses None Tax Assessed Value 2496968 Tax Legal Description see docs Water Source Public Waterfront YN No Zoning Description OfficeRetailCommercialRestaurant/Food

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt Traverse City: 231-922-2350.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-22T12:51:52.11.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684