Contacts

Daniel Stiebel

Coldwell Banker Schmidt Realtors

(231) 633-0432

Property Details

Property Type Retail
Lot Size 0.86 Acre
Year Built 1997
Date Updated Apr 23, 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

Getting around

60/100
Walk Score ®
49/100
Bike Score ®

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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

1133 W South Airport Rd