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Jenn Smart

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274 N Us-31 S , Traverse City, MI 49685
$1,985,000
Est. Payment: $10,344.11/mo
0 Bed
0 Bath
8250 Sqft
Status: active | Days on site: 934
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Highly visible, 2.89 acre Parcel with 414 feet of frontage on US 31 South and 304 feet on Sundowner Drive. Large open retail building with great visibility and easy ingress/egress on US-31. The building is 7,104 Sq Ft with additional 1,146 Sq Ft on second level for a total of 8,250 Sq Ft. Four 14’ X14’ overhead doors in rear of building. 16’ ceiling height. Mezzanine offices overlook sales floor. Nicely remodeled. Plenty of parking with tremendous space for outside display. US 31 South had 25,600 cars per day in 2023. Currently leased to two tenants with an annual rental income of $158,244 NNN. One Tenant is leaving and the other can be moved. Ready for a new tenant or owner occupied use.

Highlights

Listed by David Frost , Three West, LLC , 231-929-2955. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
2.9

Year Built

1983

County

Grand Traverse

Area

Garfield Twp (28005)

Neighborhood

None

Listing ID

80014026

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:8250
Water:Private Well

Exterior Features

Lot Dimensions:414 X 305
Zoning:Commercial
Roof:Asphalt
Sewer:Septic
Parking Features:Parking Lot
Principal Interest
$10,344
Taxes
$1,265

Home Price

$1,985,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$397,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,344.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,344.11 $1,265.44 $0.00 $11,609.55
Yearly $124,129.33 $15,185.25 $0.00 $139,314.58
Total $3,723,880.00 $455,557.50 $0.00 $4,179,437.50
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Traverse City, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T04:57:55.100Z

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