Investment Opportunity

For Sale

966 W South Airport Rd, Traverse City, MI 49686

This Traverse City property for sale is located at 966 W South Airport Rd. The current listed sale price for Investment Opportunity is $549,000. Investment Opportunity is situated on a lot that is 0.56 acre in size.

Contacts

Dan Stiebel

Schmidt Realtors

Property Details

  • Property Type Retail - Freestanding
  • Property Size 7,380 SF
  • Units 2
  • Lot Size 0.56 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1967
  • Year Renovated 1983
  • Date Updated Apr 13, 2026
Near the intersection of South Airport & Garfield on the north side towards the airport.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 8.8% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 59/100

    Walk Score ®

  • 50/100

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Location

  • City Traverse City, MI
  • Zip Code 49686

Points of Interest

  • Mutual Service Station

    0.09 miles

  • Shell

    0.54 miles

  • Pacific Pride

    0.79 miles

  • Costco Gasoline

    1.02 miles

  • Marathon

    1.27 miles

  • Circle K

    1.56 miles

  • Blarney Castle Fleet Fuel

    1.60 miles

  • Blink

    1.74 miles

  • BP

    1.87 miles

  • Speedway

    1.93 miles

  • Short Term Parking

    0.74 miles

  • Long Term Parking

    0.75 miles

  • Miller Creek Nature Reserve Resurrection Life Church Trailhead

    1.91 miles

  • Emerald Creek Apartments Resident Parking

    2.07 miles

  • Lot L

    2.15 miles

  • Aspen Lot

    2.21 miles

  • Tamarack Lot

    2.21 miles

  • Birch Lot

    2.24 miles

  • Old Town Parking Structure

    2.28 miles

  • Poplar Lot

    2.28 miles

  • Cicero's Pizza

    0.04 miles

  • Margarita's Grill

    0.09 miles

  • Burger King

    0.10 miles

  • Wendy's

    0.11 miles

  • J & S Hamburg South

    0.15 miles

  • Big Apple Bagels

    0.19 miles

  • Thai Kitchen

    0.20 miles

  • Asian Buffet

    0.24 miles

  • Qdoba

    0.32 miles

  • Jimmy John's

    0.34 miles

  • Cherryland Center

    0.22 miles

  • Big Lots

    0.25 miles

  • Gordon Food Service

    0.51 miles

  • Save-A-Lot

    0.93 miles

  • Coast Guard Exchange

    1.13 miles

  • Edson Farms Market and Deli

    1.27 miles

  • Tom's

    1.73 miles

  • Family Fare

    1.77 miles

  • Walmart Supercenter

    1.93 miles

  • Oryana Natural Foods Market

    1.96 miles

Contact Listing Broker
Dan Stiebel

Schmidt Realtors

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