Downtown Office
For Lease
$28 SF/Yr
Pending
125 S Park Street, Traverse City, MI 49684
Commercial, Traverse City, MI
Space Size639 SF
Days on Market542
Property Features for 125 S Park Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Office, Commercial
Parking features
Garage
Exterior features
Brick
Lot features
Corner Lot, Office Center
Directions
At the corner of S Park Street and State Street on the Northeast corner in the heart of downtown Traverse City.
Subdivision
Grand Traverse
Standard status
Pending
Size
639 SF
Taxes and HOA fees
Tax Description
lengthy
Legal Description
lengthy
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: Mar 15, 2025
Changed: Sep 1
Last Checked: Sep 7 at 1:06PM
MLS# 1931495
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 639-square-foot office suite occupies the second floor of a Class A brick office building at 125 S Park Street. The layout includes two offices with westerly views across the city. Building services include 24hr electronic security, and garage parking is available nearby, with optional reserved covered parking in the adjacent public parking deck and street parking close to the entrance.
The property is positioned in downtown Traverse City near dining, banks, the courthouse, and Park Place Hotel. The modified gross lease includes heating/cooling, janitorial service, taxes, insurance, and maintenance; electricity is the only operating expense excluded from the lease structure.
The property is positioned in downtown Traverse City near dining, banks, the courthouse, and Park Place Hotel. The modified gross lease includes heating/cooling, janitorial service, taxes, insurance, and maintenance; electricity is the only operating expense excluded from the lease structure.
Key Highlights
- 639 rentable square feet on the second floor
- Two‑office suite with westerly city views
- Class A brick office building
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
$23.27 /SF/Yr
Avg Asking Price
$8.34–$56.57 /SF/Yr
Price Range
5,505 SF
Avg Space Size
This space is priced 20% above the average of $23.27 /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 two offices, westerly city views, and access to nearby garage parking.
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: 639 rentable square feet on the second floor; Two‑office suite with westerly city views; Class A brick office building
