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$ 11,000,000
Est. payment | /mo
101,386 SqFt
$ 11,000,000
Est. payment | /mo
101,386 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 101,386 sqft
Price per Sqft $108
Subdivision Cherryland Center
MLS Listing ID 78080066351
Year Built 1977
Lot Size 8.480 Acres
Acres 8.48
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 Area28041Garfieldtwp
Interior
Heating Electric, Forced Air, Hot Water, Natural Gas
Flooring Concrete
Fireplace No
Exterior
Parking Features ParkingLot
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Conventional, Other, Trade1031Exchange
Listing Terms Cash, Conventional, Other, Trade1031Exchange
Special Listing Condition Standard
©2026 Realcomp II Ltd. Shareholders
Listed by Mark D Hagan of Coldwell Banker Schmidt Traverse City