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
UpdatedDecember 2nd, 2025
TypeRetail
Price$569,000
Building7,380 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.


Financials


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