REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 899,000
Est. payment | /mo
2,000 SqFt
$ 899,000
Est. payment | /mo
2,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $449
MLS Listing ID 78080064809
Year Built 1873
Listing Terms Cash, Other, Trade1031Exchange
Property Description
Single-tenant retail condominium located directly on Front Street in the heart of downtown Traverse City. The property is fully leased on a new 5-year NNN lease to Serendipity, a strong retail operator with multiple locations in Northern Michigan. The ~2,000 SF storefront features strong Front Street visibility with an efficient retail layout including an open sales floor, fitting rooms, rear storage, and a private restroom. The unit is positioned within one of downtown’s most active retail blocks and benefits from C-4B zoning, allowing for a wide range of permitted uses. This offering provides predictable, hands-off cash flow with a true triple-net lease structure and condominium ownership, making it well-suited for private investors and 1031 exchange buyers seeking durable downtown income. Currently priced at a 6.81% CAP.
Location
State MI
County Grand Traverse
Area Area28042Traversecity
County Grand Traverse
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Utilities Available NaturalGasConnected
View Y/N No
WaterfrontY/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
New Construction Y/N No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Other, Trade1031Exchange
Listing Terms Cash, Other, Trade1031Exchange
Special Listing Condition Standard
©2026 Realcomp II Ltd. Shareholders
Listed by Alex MacKenzie of Coldwell Banker Schmidt Traverse City
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Macomb, MI
- Homes For Sale in New Baltimore, MI
- Homes For Sale in Clinton Township, MI
- Homes For Sale in New Haven, MI
- Homes For Sale in Sterling Heights, MI
- Homes For Sale in Rochester Hills, MI
- Homes For Sale in Rochester, MI
- Homes For Sale in Utica, MI
- Homes For Sale in Roseville, MI
- Homes For Sale in Fraser, MI
- Homes For Sale in Warren, MI
- Homes For Sale in Saint Clair Shores, MI
- Homes For Sale in Harrison Township, MI
- Homes For Sale in Troy, MI