Office Suite with Conference
For Lease
$28 SF/Yr
Pending
125 S Park Street, Traverse City, MI 49684
Commercial, Traverse City, MI
Space Size1,482 SF
Days on Market1104
Property Features for 125 S Park Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Office
Parking features
Garage
Exterior features
Brick
Lot features
Office Center
Directions
Located in the heart of Downtown Traverse City, at the intersection of State Street and Park Street. Directly across from the Park Place Hotel
Subdivision
Grand Traverse
Standard status
Pending
Size
1,482 SF
Taxes and HOA fees
Tax Description
See attached parcel details
Legal Description
See attached parcel details
Amenities
24hr electronic security
Building Details
Building materials
Brick
Listing Agency:
G.A. Snowden Associates
(231) 632-6007
Listed By:
Gerald Snowden · License #6502118151
(231) 932-1700
Added: Aug 31, 2023
Changed: Sep 1
Last Checked: Sep 7 at 3:06PM
MLS# 1915150
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 1,482-square-foot second-floor office suite includes a newer lobby, conference room, three offices, and an interior office that can serve as a large break room. Westerly views extend toward the city, and the building is constructed with brick and provides 24-hour electronic security.
Located at 125 S Park Street in Traverse City, the property is near dining, banks, the courthouse, and Park Place Hotel. Nearby parking includes street spaces and access to an adjacent public parking deck, with optional reserved covered parking available.
The modified gross lease includes heating, cooling, janitorial service, taxes, insurance, and maintenance. Electricity is the only operating expense excluded from the lease rate.
Located at 125 S Park Street in Traverse City, the property is near dining, banks, the courthouse, and Park Place Hotel. Nearby parking includes street spaces and access to an adjacent public parking deck, with optional reserved covered parking available.
The modified gross lease includes heating, cooling, janitorial service, taxes, insurance, and maintenance. Electricity is the only operating expense excluded from the lease rate.
Key Highlights
- 1,482 rentable square feet on the second floor
- Three offices, conference room, newer lobby, and flexible interior office
- Westerly views toward the city
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Market
Lease Benchmarks for Traverse City, MI
$23.15 /SF/Yr
Avg Asking Price
$9–$56.57 /SF/Yr
Price Range
5,516 SF
Avg Space Size
This space is priced 21% above the average of $23.15 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor workspace includes three private offices, a flexible interior room, and a newer lobby in a professionally maintained building.
Where is this office units located?
The property is located at 125 S Park Street 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: 1,482 rentable square feet on the second floor; Three offices, conference room, newer lobby, and flexible interior office; Westerly views toward the city
