1212 W South Airport Road, Traverse City, MI

Retail for Sale - $11,000,000 - 101,386 Sq. Ft.


Agent Info

Mark Hagan
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1189363
Location
  1212 W South Airport Road
  Traverse City MI 49686
UpdatedMarch 26th, 2026
TypeRetail
Price$11,000,000
Building101,386 Sq. Ft.

Property Description

High-visibility commercial entertainment property located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road. Currently operating as K1 Speed Traverse City, this purpose-built facility offers a proven, year-round entertainment concept featuring an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. Creating a true all-in-one entertainment destination and a major draw for families, businesses, and visitors. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. Ample on-site parking with 459 spaces, strong surrounding retail presence, and direct exposure along one of Traverse City's most active commercial corridors further enhance the property's long-term value and redevelopment potential.


Financials