- For Sale $11,000,000
- Property Type Retail
- Year Built 1977
- Date Updated May 16, 2026
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.
Highlights
- On the corner of Garfield Ave and South Airport Road
- Exterior Description Concrete Block
- Fireplace Description Electric
- General Ceiling Fan(s)
- Heating Fuel Type Gas
- Heating Type Forced Air
- Road Type City Town Street
- Roof Rubber
- Water Municipal Water
False
Contacts
Mark Hagan
Coldwell Banker Schmidt Realtors
Location
Contact Listing Broker
Mark Hagan
Coldwell Banker Schmidt Realtors