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2751 N Us-31 S

Traverse City, MI 49684
  • $2,200,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 1933364
UPDATED: 23 min ago
$2,200,000
  • 0
    BEDS
  • 1.28
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 13,550
    SQFT
  • $162
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

Description

An outstanding opportunity to own a highly visible, income-producing commercial property on one of Traverse Citys busiest corridors. This multi-tenant building sits directly on South US-31, offering excellent exposure, high traffic counts, and convenient access for customers and tenants alike. The building is currently configured into four separate units. Two units are tenant-occupied and generating rental income, while the remaining two are vacant and ready for immediate use. This setup makes the property ideal for an investor looking for immediate cash flow with additional leasing upside, or for an owner-occupant who can take advantage of the vacant space while earning income from the rented units. The property features ample on-site parking, prominent signage opportunities, and a flexible layout that accommodates a range of uses, including office, retail, or service-based businesses. Located just minutes from downtown Traverse City in a well-established commercial area, this is a rare chance to acquire a versatile and revenue-generating asset in one of Northern Michigans most active and desirable business corridors.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-05-19T20:52:04.11.
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2751 N Us-31 S Traverse City, MI 49684

  • Price: $2,200,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 23 min ago
  • MLS #: 1933364
0
Beds
7
Baths
0
½ Baths
1.28
Acres
13,550
SQFT
$162
$/SQFT
1954
Built
Neighborhood:
Metes And Bounds
County:
Grand Traverse
Area:
Grand Traverse
Property Description
An outstanding opportunity to own a highly visible, income-producing commercial property on one of Traverse Citys busiest corridors. This multi-tenant building sits directly on South US-31, offering excellent exposure, high traffic counts, and convenient access for customers and tenants alike. The building is currently configured into four separate units. Two units are tenant-occupied and generating rental income, while the remaining two are vacant and ready for immediate use. This setup makes the property ideal for an investor looking for immediate cash flow with additional leasing upside, or for an owner-occupant who can take advantage of the vacant space while earning income from the rented units. The property features ample on-site parking, prominent signage opportunities, and a flexible layout that accommodates a range of uses, including office, retail, or service-based businesses. Located just minutes from downtown Traverse City in a well-established commercial area, this is a rare chance to acquire a versatile and revenue-generating asset in one of Northern Michigans most active and desirable business corridors.
Exterior Features

Construction Frame Exterior Features Stucco/Drivit Foundation Slab Lot Dimensions 187X298 Parking PavedParking Lot Road Public MaintainedBlacktop Roof Membrane

Interior Features

Heating Cooling Type Forced AirCentral AirOther

Property Features

Business Incl No Business Name None Deeded Waterfront No Documents On File SurveyAgency Disclosure Eco Features No Energy Efficient Not Applicable Extras 3-Phase ElectricSprinkler SystemMezzanine18ft Ceiling HeightOther Heating Cooling Source Natural GasMutiple Units Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession Negotiable Present Use Automotive ServiceRestaurant/Food ServiceMedical/DentalOffice BuildingRetail StoreWholesaleServiceReligiousOtherConvenience Store Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 21 Sewer Municipal Terms Conventional MortgageCommercial LoanCash1031 Exchange Township Garfield Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free Main Floor Access Vacant Land No Water Municipal Water Water Conservation Not Applicable Zoning Commercial

Listing information © 2025 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Twin Bay Properties, LLC: 231-357-7800.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-05-19T20:52:04.11.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684