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For Sale

Walgreens - Traverse City, MI

3900 N US Highway 31 S, Traverse City, MI 49684

Traverse City is located in northern Michigan and is the largest city in the 21-county Northern Michigan region. It is the county seat of Grand Traverse County, although a small portion extends into Leelanau County. The city has an estimated population of 15,900, with 143,372 in the Traverse City micropolitan area. Traverse City is known as a four-season playground, and is now celebrated for quality cuisine, wine, and culture. Traverse City's tourism industry is a major contributor to the area's economy and continues to show strong growth. Tourism creates more than $1 billion in direct spending through the city’s nearly 3.5 million visitor trips made each year. Miles of sugar-sand shoreline include the Sleeping Bear Dunes National Lakeshore with lighthouses and coastal villages. Part of the national park system since 1970, Sleeping Bear Dunes is one of America’s most profoundly beautiful landscapes: a 64-mile curve of sweeping vistas, miles of perfect freshwater beaches, forested wilderness islands, miles of hiking trails and the paved Sleeping Bear Heritage Trail, is a multi-use pathway that runs from the northern end of the park to a point just south of Empire. The glacier-sculpted landscape of orchards and vineyards also includes championship golf courses. Swimming, sailing, paddling, hikin,g and fishing are favorite warm weather activities, while winter turns the region into a playground for skiers and snowmobilers. The Traverse City area is the largest producer of tart cherries in the United States. Near the time of cherry harvest, the city hosts the annual week-long National Cherry Festival in the first full week of July, attracting approximately 500,000 visitors annually. Throughout the eight-day celebration, festival-goers find an array of cherry delights along with parades, family and kids events and entertainment. In all, there are more than 150 events along the shores of Lake Michigan's Grand Traverse Bay. The surrounding countryside also produces grapes and is one of the centers of wine production in the Midwest.Introducing an exceptional investment opportunity in the heart of Traverse City, Michigan. This impressive retail property boasts a spacious 14,748 SF building, meticulously constructed in 2004 and thoughtfully designed to meet a range of retail needs. Zoned C-GENERAL, the versatile space offers endless possibilities for retail or free-standing ventures. With its prime location in the bustling Traverse City area, this property presents an unmissable chance for investors seeking a lucrative opportunity in a thriving market. Don't miss your chance to make a lasting mark in this dynamic community.

Key features

  • 14,748 Square Foot Free-Standing Building With A Drive-Thru
  • 2004 Build To Suit
  • 70th Percentile Walgreen's Store, Per Placer.ai
  • Across The Street From The #1 Meijer Store In The System, Per Pacer.ai
  • Fee Simple Offering (Land And Building)
  • Large 4.2 Acre Site
  • Robust Retail Corridor With Dozens Of National Retailers Surrounding The Property
  • Strong Visibility To Over 25,000 VPD
  • Surging Sales Growth, +7.07% YoY, +12.5% Over The Last Two Years
  • Traverse City was Voted Top 10 Best Places to Go in 2025 by the Wall Street Journal
  • Traverse City, MI MSA Boasts A Population Of Over 157,000 People
Want more info on this listing?

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

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Contacts

broker
Michael Marzinske

Encore Real Estate Investment Services

Building Details

  • For Sale $5,300,000
  • Property Type Retail - Freestanding
  • Property Size 14,748 SF
  • Lot Size 4.72 Acre
  • Property Tenancy Single Tenant
  • Year Built 2004
  • Date Updated May 6, 2026

Getting Around

  • Walk Score ®

    Car-Dependent (33)
  • Bike Score ®

    Bikeable (57)
Powered by Walk Score ®

Location

  • City Traverse City, MI
  • Zip Code 49684
  • Map
  • Street

Points of Interest

Shell

2.17 miles

Rich

2.22 miles

Costco Gasoline

2.46 miles

BP

2.63 miles

Mutual Service Station

3.52 miles

Pacific Pride

3.94 miles

Blink

4.05 miles

ChargePoint

4.78 miles

Traverse City Supercharger

5.75 miles

VASA Pathway Trailhead

1.68 miles

Acme Park-n-Ride

2.32 miles

Long Term Parking

2.69 miles

Short Term Parking

2.69 miles

Pine Lot

2.81 miles

Event Parking

2.82 miles

Maple Lot

2.82 miles

Poplar Lot

2.85 miles

Juniper Lot

2.92 miles

Oleson's

2.65 miles

Coast Guard Exchange

2.67 miles

Meijer

2.93 miles

Save-A-Lot

3.33 miles

Edson Farms Market and Deli

3.33 miles

Cherryland Center

3.60 miles

Big Lots

3.67 miles

Family Fare

3.67 miles

Gordon Food Service

3.91 miles

3900 N US Highway 31 S Listing Summary

  • What is the asking price at Walgreens - Traverse City, MI?

    Walgreens - Traverse City, MI is currently listed for sale at Contact for pricing.

  • What is the total size of Walgreens - Traverse City, MI?

    Walgreens - Traverse City, MI has a total of 14,748 square feet.

  • What is the year built for Walgreens - Traverse City, MI?

    The year built for Walgreens - Traverse City, MI is 2004.

Contact Listing Broker
broker
Michael Marzinske

Encore Real Estate Investment Services

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