1133 W South Airport Rd Listing Details & Market Data

1133 W South Airport Rd, Traverse City, MI 49686

  • For Sale $1,450,000
  • Property Type Retail
  • Lot Size 0.86 Acre
  • Year Built 1997
  • Date Updated Apr 26, 2024
  • Website www.cbcworldwide.com
Investment property with excellent visibility on a main traffic artery in Traverse City. This retail strip mall is 100% leased to three established retail and business tenants. Current tenants include Big Apple Bagels, Anavon Technology, and Thai Kitchen. Building set up for 3-5 suite configuration allows for great flexibility for future tenants. Deeded parking easement on property to the east for additional parking. Offered at a 7.4% Cap rate, but owner actually gets 8% including management fee (easy to manage). Current rates are below market leaving upside potential as leases mature.

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Highlights

  • On S. Airport Road just West of Garfield Ave. The Big Apple Bagels building is across from the Cherryland Mall.
  • Heating - Fuel Type: Gas
  • Exterior Description: Brick
  • Road Type: City / Town Street
  • Roof: Asphalt Shingle Roof
  • Cooling: Central A/C
  • Water: Well
  • Heating Type: Forced Air
  • Exterior Description: Concrete Block

Contacts

broker

Daniel Stiebel

Coldwell Banker Schmidt Realtors

(231) 633-0432

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (60)

  • Bike Score ®

    Somewhat Bikeable (49)
Powered by Walk Score ®
  • City Traverse City, MI
  • Zip Code 49686

Points of Interest

  • Mutual Service Station

    0.11 miles

  • Shell

    0.34 miles

  • Pacific Pride

    0.71 miles

  • Marathon

    1.20 miles

  • Shell

    1.20 miles

  • Costco Gasoline

    1.22 miles

  • Holiday

    1.37 miles

  • Blarney Castle Fleet Fuel

    1.40 miles

  • Blink

    1.73 miles

  • Speedway

    1.83 miles

  • Long Term Parking

    0.90 miles

  • Short Term Parking

    0.94 miles

  • Long Term Parking

    0.95 miles

  • Miller Creek Nature Reserve Resurrection Life Church Trailhead

    1.70 miles

  • Emerald Creek Apartments Resident Parking

    1.86 miles

  • Old Town Parking Deck

    2.22 miles

  • Lot N

    2.29 miles

  • Larry C. Hardy Parking Garage

    2.32 miles

  • Lot J

    2.32 miles

  • Lot K

    2.38 miles

  • Thai Kitchen

    0.01 miles

  • Big Apple Bagels

    0.02 miles

  • J & S Hamburg South

    0.06 miles

  • Burger King

    0.11 miles

  • Qdoba

    0.14 miles

  • Opa

    0.17 miles

  • Willie's Rear

    0.17 miles

  • Wendy's

    0.17 miles

  • Arby's

    0.24 miles

  • Taco Bell

    0.31 miles

  • Cherryland Center

    0.15 miles

  • Gordon Food Service

    0.34 miles

  • Save-A-Lot

    1.01 miles

  • Coast Guard Exchange

    1.30 miles

  • Edson Farms Market and Deli

    1.35 miles

  • Walmart Supercenter

    1.73 miles

  • Family Fare

    1.82 miles

  • Tom's

    1.90 miles

  • Oryana Natural Foods Market

    1.91 miles

  • ALDI

    1.96 miles

Contact Listing Broker

broker

Daniel Stiebel

Coldwell Banker Schmidt Realtors

(231) 633-0432