Map
Listed price in listed location currency (USD).
$549,000

000

MLS® 1940890

Overview

Key Facts

Type Retail
Levels Commercial Sale
Size 7380 sqft
Garage 
Taxes 
Days Active 167
Lot Size 
Approx. Age 1967
Avg. Price Per Sqft $74
MLS® Number 1940890

Property Address: 966 W South Airport Rd, Traverse City, MI, 49686-4847

Average square foot calculated using Size range provided by listing agent.

Description

2 tenant investment property on busy South Airport Road near the Traverse City airport. Leases are short-term, so that a buyer could use the property if they want to, however the tenants would like to keep renting, so longer term leases are also a possibility for investors. Current leases are below market providing upside potential for a buyer. Tenants include Boyd Sewing and Top Comics. The Boyd Sewing space has a retail sales area, classroom, loft for additional storage. and living quarters on the second floor with kitchen and full bathroom. Priced to sell at a 8.8% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value.
MLS® Number1940890
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1967
Basement
DrivewayPaved, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 9, 2025List Date
$549,000List Price
-End Date
Not Sold YetSold Price

Other

Dec 1, 2025List Date
$549,000List Price

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties