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… Read More 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 7.14% CAP. Read Less
Courtesy of Coldwell Banker Schmidt Traverse City.
Listing Snapshot
Days Online
107
Last Updated
Property Type
Commercial/Industrial
Square Ft.
2,000
Year Built
1873
MLS Number
80064809
30 Days Snapshot Of 49684
$589k
-15%
(avg) sold price
9
+200%
homes sold
95
+427%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
ADA Accessible, Bath, Fixtures
Building
2,000 square feet, Built in 1873
Exterior Features
Block, Brick, Frame, Steel
Foundation
Basement
Water Features
Public Water
Heating
Forced Air, Natural Gas
Interior Features
Less than 16 Ft.
Lot
Lot size: ~102'x165'
Property
Business name: N/A, Retail, Commercial
Sewer
Public Sanitary
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