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Listed price in listed location currency (USD).
$569,000

000

MLS® 1940890

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 7380 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 3
Approx. Age 
Avg. Price Per Sqft $77
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 7.7% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value.
MLS® Number1940890
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 1, 2025List Date
$569,000List Price
  • Commute

Commute

Starting Address
Destination Address
966 W South Airport Rd, Traverse City, MI

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