# 305 S US-31, Traverse City, MI 49685

> **TL;DR:** commercial, $749,000 ($195/sqft), built 1964, 3,840 sqft.
> Basement. Est. $3,246/mo. Listed 241 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $749,000 |
| Price/sqft | $195 |
| Square Feet | 3,840 |
| Year Built | 1964 |
| Lot Size | 50,094 sqft (1.15 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 241 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,246 |
| **Total** | **$3,246** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1964
- 1.15 acre lot

## Description

### Agent Description
High-visibility corner lot on US-31, at the intersection of US-31S and Foster Dr. now available for sale.  Blair Township's CM zoning allows a large variety of commercial uses, and the high traffic count (over 25,000 cars/day) and corner lot ensure maximum exposure for your business.  The current buildings will be available at closing and include a 1,440-sqft retail/office building and a 2,400-sqft pole building.  Whether using the existing buildings or redeveloping with a new vision, this well-positioned property is worth a look!

## Location

- **Address:** 305 S US-31, Traverse City, MI 49685
- **County:** Grand Traverse
- **Coordinates:** 44.6819578908493, -85.6556474318771
- **Google Maps:** https://www.google.com/maps?q=44.6819578908493,-85.6556474318771

## Listing Agent

- **Name:** Marty Stevenson
- **Brokerage:** EXIT Northern Shores-TC
- **Phone:** 2313428072
- **Email:** marty@tcexit.com

## Primary Photo

![305 S US-31 - Primary Photo](http://lh.rdcpix.com/e86a858c5fc057d9fab0074f463ecee8l-f3453418292r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/305-s-us-31-traverse-city-mi-49685-1937517)*

---

**MLS#:** 1937517 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/305-s-us-31-traverse-city-mi-49685-1937517)

---

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