Retail investment property located in Traverse City, Michigan. 1133 S. Airport Road present investors with an opportunity to acquire a well-constructed building in an outstanding location. 1133 S. Airport Road offers a significant value-add opportunity with two long term tenants (Spaghetti Jim’s and Big Apple Bagel) in place to provide steady income while the remaining 60% vacancy is leased. The property is easily accessible to downtown and the rest of the greater Grand Traverse Bay region via Garfield and Airport Roads. Area highlights include Cherry City Airport, Boardman Lake, Traverse City Golf Course, Grand Traverse Mall and downtown Traverse City. The large population growth of above 10% and summer influx of residents demands a supply of retail establishments. A Confidentiality Agreement is available upon request to obtain further detail on this offering.
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Cbre Grand Rapids