966 W South Airport Road, Traverse City, MI
Retail for Sale - $569,000 - 7,380 Sq. Ft.
Agent Info
| Dan Stiebel Coldwell Banker Schmidt |
Property Info
| CIMLS# | 1184809 |
| Location 966 W South Airport Road Traverse City MI 49686 | |
| Updated | December 2nd, 2025 |
| Type | Retail |
| Price | $569,000 |
| Building | 7,380 Sq. Ft. |
Property 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.



