Bought with Marty Stevenson • EXIT Realty Paramount
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305 US-31 S Traverse City, MI 49685
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Key Details
Sold Price $520,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $135
Subdivision Mi
MLS Listing ID 1928221
Sold Date 12/19/24
Year Built 1964
Lot Size 1.150 Acres
Acres 1.15
Lot Dimensions 200 x 293
Property Description
1.15 acre parcel with 200' US31 frontage and access from both US31 and Foster Dr. Corner lot with room to expand or great redevelopment opportunity. Includes front 1,440 sq ft retail building with two tenants on month-to-month basis plus 2,400 sf pole barn building with overhead door and front retail/office area. Front retail building has new metal roof installed in 2021 and washer/dryer connections. In strong retail area south of Traverse City close to Menards, Family Fare, Tractor Supply and Blain's. 25,600 vehicles per day average traffic count. Pylon sign on US31 included. C-M zoning allows for a variety of uses including retail, office, services, contractor yard, auto sales/repair, restaurant/drive-thru and multi-family. Currently on well with municipal sewer. Municipal water is available.
Location
State MI
County Grand Traverse
Zoning Multi-Family,Office,Retail,Commercial,Manufacture/Warehouse,Restaurant/Food,Automotive Service
Rooms
Basement Slab
Interior
Heating Forced Air, Central Air
Cooling Forced Air, Central Air
Exterior
Exterior Feature Vinyl, Steel
Roof Type Metal/Steel
Present Use Office Building,Retail Store
Road Frontage Public Maintained, Blacktop
Building
Sewer Municipal
Water Private Well
Others
Tax ID 02-004-014-00
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Commercial Loan, Cash
Listing Terms Conventional Mortgage, Commercial Loan, Cash
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