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    125 S Park St Traverse City, MI 49684

    Pending
    For Lease
    $28 SF/Yr ($3,458 /Mo)

    Office Building - Traverse City, MI

    Property size:
    1,482 SF
    Days on Market:
    116
    Last Refresh:
    Dec 6 at 8:06 pm

    Property Features for 125 S Park St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Office
    Rooms
    Basement
    Basement Y/N
    1
    Size
    1,482 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Building materials
    Brick
    Roof type
    Other
    Architectural style
    Other

    G.A. Snowden Associates (231) 632-6007 [email protected]

    Listing agent Gerald Snowden (231) 632-6007

    Listing date Aug 13, 2025

    MLS# 1915150 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Traverse City Office Suite

    This second-floor office suite, located in a Class A office building, offers a newer lobby, a conference room, three offices with westerly views, and an interior office that could also function as a large break room. The suite provides 1482 rentable square feet. The building is centrally located downtown, close to dining, banks, the courthouse, and the Park Place Hotel. Ample parking is available nearby, including optional reserved covered parking in the adjacent public parking deck and street parking just steps from the office entrance. The office building features 24-hour electronic security. The modified gross lease rate includes heating and cooling, janitorial services, taxes, insurance, and maintenance, with all operating expenses covered except electricity. Lease incentives are available based on the length of the lease term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Traverse City Wolves Football Field Hardin Law Firm Personal Injury Attorney Edward Jones - Financial ... Investment Service Philip Ellis Psychologist Snowden Companies Property Management Company

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.618023
    Latitude
    44.763241

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    FAQs

    What type of property is this?
    Office building - Class A office suite in prime downtown location for lease.
    Where is this office building located?
    The property is located at 125 S Park St Traverse City, MI.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location, close to dining, banks, courthouse, and Park Place Hotel; - Modified gross lease includes all operating expenses except electricity; - Class “A” office building with 24hr electronic security
    (231) 632-6007
    Request Owner's contact information
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    Traverse City, MI 49684
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    125 S Park St Traverse City, MI 49684
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