4290 & 4386 Us-31 N Traverse City, MI ^$ 3,300,000

4290 & 4386 Us-31 N

^$ 3,300,000

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4290 & 4386 Us-31 N

Traverse City, MI, 49686

^$ 3,300,000

Studio Baths0.0 Sq 22,520

Monthly Estimate*

^$ 21,933

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Studio

Commercial Property for sale in Traverse City, MI

for $3,300,000. This 22,520 square foot building was built in 1948 on a lot size of 3.69.

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.

Commercial Active

Price

^$ 3,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

3.69

Year Built

1948

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80015673

Features

General

Heating Forced Air

Cooling Central A/C

Possession Negotiable (Possession)

Roof Asphalt

Water Private Well

Status Active Active

Year Built 1948

Parking Parking Lot

Subdivision N/A

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name Woodland Creek et al.

Percent Ownership Private

Municipality Acme Twp

Section 9

Zoning Multi-Family Professional Office Commercial

Commercial Features ADA Accessible Other Overhead Doors

Area Acme Twp (28001)

Directions 0.2 miles north of Holiday Hills Rd. across from East Bay between Burger King and Murdicks Fudge.

City Traverse City

Street Name US-31 N

Financial Terms Cash Commercial Loan Conventional Exchange/Trade

Legal Description 2 Tax Parcels. Partial from tax record: PARCEL A: PART OF THE SOUTHEAST 1/4 OF SECTION 9 TOWN 27 NORTH RANGE 10 WEST ACME TOWNSHIP GRAND TRAVERSE COUNTY

DOM 65

Price Per Sq Ft Total 146.54

Coming Soon 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

Exterior

Exterior Block Frame Log

Lot Size Area 3.69

Lot Dimensions see survey

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

Daniel Stiebel

Listing Agent

Coldwell Banker Schmidt-522

Broker

dan@realestatetc.com

Affordability Calculator

$21,933

Per Month

Monthly Principal & Interest: $21,933
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$597,893

Percent of Sale Price 82%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/18/2024	$3,300,000		Listed Price

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4290 & 4386 Us-31 N, Traverse City, MI, 49686 is a Commercial Property for sale at $3,300,000 with 22,520 sqft and a lot size of 3.69. 4290 & 4386 Us-31 N is a studio with 0.0 baths and was built in 1948. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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4290 & 4386 Us-31 N

Commercial Property for sale in Traverse City, MI

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