78
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$11,000,000
Est. payment /mo
101,386 SqFt
Active
1212 W South Airport Road Traverse City, MI 49686
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 101,386 sqft
Price per Sqft $108
Subdivision Mi
MLS Listing ID 80066351
Year Built 1977
Lot Size 8.480 Acres
Acres 8.48
Lot Dimensions irregular
Property Sub-Type Business
Property Description
High-visibility commercial entertainment property located in the Cherryland Center at the corner of Garfield Avenue and South Airport Road. Currently operating as K1 Speed Traverse City, this purpose-built facility offers a proven, year-round entertainment concept featuring an indoor electric go-kart track with speeds up to 45 mph, an extensive arcade, the Paddock Lounge restaurant and bar, and dedicated areas for private parties and corporate events. Creating a true all-in-one entertainment destination and a major draw for families, businesses, and visitors. The building is designed to support high-capacity operations and flexible commercial use, highlighted by 20-foot ceilings and a robust layout that includes multiple semi and shop bays. Infrastructure features three 10-foot overhead doors and one 8-foot overhead door in the semi bays, along with a shop area offering one 12-foot overhead door and six additional 10-foot overhead doors, allowing for efficient access, servicing, and adaptability for alternative commercial or entertainment uses. Ample on-site parking with 459 spaces, strong surrounding retail presence, and direct exposure along one of Traverse City’s most active commercial corridors further enhance the property’s long-term value and redevelopment potential.
Location
State MI
County Grand Traverse
Area Garfield Twp (28005)
Zoning Professional Office,Commercial
Interior
Heating Forced Air, Hot Water
Exterior
Parking Features Parking Lot
Building
Foundation Slab
Water Public Water
Structure Type Block,Steel
Others
Ownership Private
Energy Description Electric,Natural Gas
Financing Cash,Commercial Loan,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt Traverse City
NEARBY SCHOOL & BUSINESS
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