4290 & 4386 US-31 N Traverse City, MI 49686

Property Description

Incredible visibility for this site with over 700′ on US-31 and unobstructed views of East Grand Traverse Bay. The site is 3.69 acres, has high traffic counts, and the Traverse Area Recreational Trail (TART) borders the entire back of the property for easy biking downtown. Existing businesses will move so the entire site can be redeveloped. Great opportunity for multi-family, hotel, restaurant, retail, office and more. Currently there are 3 buildings on the property with a combined square footage of 22,520. There are 4 driveways, plenty of parking and an outdoor playground. The existing buildings could be used as is, split into multiple businesses, added onto, or removed. Zoned Commercial Corridor allowing for mixed use development.

Property Information

Current Price$3,300,000.00
Sq. Ft.22,520 ft²
Lot Size3.69 acres

Details

Listing StatusActive
Year Built1,948

Financial Data

Current Price$3,300,000.00
Original Price$3,300,000.00

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Fred Schmidt
Broker
Michigan | Ohio | Florida | St Croix

    Additional Information

    CityTraverse City
    StateMI
    CountyGrand Traverse
    MLS ID1920306
    WaterfrontNo
    BrokerageColdwell Banker Schmidt-522
    522 E Front St Traverse City MI 49686