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2700 N US-31 - Unbelievable development opportunity on main commercial thoroughfare for retail, restaurant and hospitality on US-31 N. With 204 feet of prime frontage, this 3.84 acre parcel has high traffic counts, is adjacent to several dealerships, Grand Traverse Mall, Red Lobster, Olive Garden, automotive parts stores, Lowe's, among others... and it is in the federal Opportunity Zone! It is zoned general commercial (CG) and allows for multiple uses including a car dealership, restaurant, retail, hotel, bar, indoor entertainment, personal & business services, theater, auto service & repair, financial institution, offices, and more. Owner would entertain lot split or ground lease offers as well as outright sale. No value to existing structures.

Listing information

  • MLS® ID: 1868452
  • Style: Retail / Hospitality / Service
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 754x292x430x89x450
  • Year Built: 1961
  • Parking Type Description: Other 0 cars
  • Total Square Footage: 1,176 ($1,870.75 per sq. foot)
  • County: Grand Traverse
  • Property ID: 104219066
  • Status: Pending - Request Back Up Offers
  • New Construction: No
  • Lot Area: 3.84 Acres

Features

Business Incl No
CONSTRUCTION Frame
Deeded Waterfront No
DOCUMENTS ON FILE None
ECO Features No
Exterior Features Other
Extras None
FOUNDATION None
HEATING/COOLING SOURCE Other
HEATING/COOLING TYPE Other
Inventory Incl No
LICENSES None
LOCATION Freestanding
Other Development Name - N/A, Business Name - N/A
Parking Other
Possession Negotiable, At Closing
PRESENT USE Service, Retail Store, Restaurant/Food Service, Other, Office Building, Medical/Dental, Garden Store, Convenience Store, Bar, Automotive Service
Real Estate Incl Yes
ROAD Public Maintained, Blacktop
Roof Asphalt
Terms Rent with Option, Net Lease (NNN), Commercial Loan, Cash, 1031 Exchange
UNIVS DESIGN/BARRIER FREE None
Utilities / Sewer Municipal
Vacant Land Yes
Water Municipal Water
ZONING Retail, Restaurant/Food, Office, Multi-Family, Motel/Hotel, Commercial, Automotive Service
Listed by Dan Stiebel of Coldwell Banker Schmidt REALTORS 231-929-2300