Sold
966 W South Airport Road, Traverse City, MI 49686
Sold on 06/30/2026 for$534,000
MLS # 1940890 (Northern Great Lakes REALTORS® MLS)
Built 19670.56 acres
1 / 20
Listing Description
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.
Source: SparkMLS
About this home
Closed at $534,000.
Electric service is provided by Cherryland Electric Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.56 acres
Year Built1967
Location
CityTraverse City
Zip Code49686
CountyGrand Traverse County
Construction & Systems
ConstructionBlock
HeatingForced Air
SewerPublic
Sale & Financing
Listed11/30/2025
Sold Date6/29/2026
Original Price$569,000
Source: SparkMLS
Tax Information
Source: SparkMLS
Legal Description
partial from tax record: GA 117 E-1 BEG 247.5' E OF SW COR NW 1/4 OF SW 1/4 TH N 247.5' TH E 99' TH S 247.5 TH W ON 1/8
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Daniel J Stiebel
Coldwell Banker Schmidt Traverse City
Frequently Asked Questions about 966 W South Airport Road, Traverse City, MI 49686
Is 966 W South Airport Road, Traverse City, MI 49686 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 966 W South Airport Road, Traverse City, MI 49686 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Cherryland Electric Cooperative. Gas: DTE Gas Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
Map
Mortgage Calculator
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Monthly payment$3,561
Principal & interest$3,561
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Cherryland Electric Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
966 W South Airport Road, Traverse City, MI 49686
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