Walgreen's - Traverse City, MI

Highlights:

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

Description:

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.

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.

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