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Jenn Russell

231-668-6303
  • MLS® #: 1848704
  • 3760 Us-31 S B

  • Traverse City, Michigan 49684
  • $1,200,000
  • 10448 SQ. Feet, 1.14 Acres
  • Commercial

This parcel has 200 front feet and 1.14 acres with a curb cut on US 31 South, the busiest road in the Grand Traverse region across from the busiest Meijer store in the state. It includes 2 buildings with tenants and 5 leased storage units. The building to the south has tenants on month to month leases and the storage units are leased on a month to month basis. The other building to the north is leased until 2020 to the U.S. Veterans Administration. The real value of this property is for future development, hence the month to month leases on the south building. This property is within a designated Opportunity Zone created by the Tax Act of 2017. Opportunity Zone designation allows for deferral of capital gains taxes, reduction of capital gains taxes, or elimination of taxes on future gains within certain parameters.

Essential Information

  • MLS® #1848704
  • Price$1,200,000
  • Bathrooms0.00
  • Square Footage10,448
  • Acres1.14
  • Year Built1966
  • TypeCommercial
  • StatusActive

Sub-Type

Retail/Commercial, Commercial Sale

Community Information

  • Address3760 Us-31 S B
  • SubdivisionN/A
  • CityTraverse City
  • TownshipGarfield
  • CountyGrand Traverse
  • StateMichigan
  • Zip Code49684

Amenities

  • FeaturesNone
  • ParkingParking Lot

Utilities

WATER: Municipal Water SEWER: Municipal

Interior

  • BasementSlab

Heating

Natural Gas, Forced Air, Central Air

Exterior

  • Exterior FeaturesBrick, Block
  • Lot DescriptionIrregular
  • RoofMembrane
  • ConstructionBlock

Additional Information

  • Days on Market179
  • ZoningRetail, Commercial, Office
  • Ownership TypePrivate Owner
  • OfficeThree West, LLC
  • Office Address1131 E. Eighth Street

Property Location

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.