305 US-31 S

Price: $ 520,000.00
Square Ft.: 3840
Price/SQFT: $ 135.42

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.

Basic Features:

Listing # 1928221
City: Traverse City
State: MI
Zip: 49685
Area: Grand Traverse
Neighborhood:
Acres: 1.15
Square Ft: 3840

Additional Features:
Basement: Slab Location: Corner Lot,Freestanding
Business Included: No Lot:
Business Name: None Miscellaneous:
Construction: Frame Documents:
Zoning: Multi-Family,Office,Retail,Commercial,Manufacture/Warehouse,Restaurant/Food,Automotive Service Possession: At Closing,Subject to Tenants Rights
Deeded Water: No Property Status: Active U/C Taking Backups
Dimensions: 200 x 293 Real Estate Included:
Directions: Northeast corner of US 31 S and Foster Rd. Remodeled: 2015
Days On Market: 55 Road Frontage: Public Maintained,Blacktop
Days On MLS: 54 Roofing: Metal/Steel
ECO Features: No For Sale Or Lease: For Sale
Extras: Overhead Door(s),Additional Buildings,12ft Ceiling Height For Sale Or Rent: For Sale
Financing: Special Assessment:
Floor Type: Township: Blair
Heating/Cooling: Natural Gas,Mutiple Units Vacant: No
Heating/Cooling Type: Forced Air,Central Air Water:
Inventory Included: No Year Built: 1964
Licenses: None  

Listing courtesy of Three West, LLC
1131 E. Eighth Street , Traverse City , MI 49686