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Multi-Floor Office Space
For Lease
$16 SF/Yr CAM $7.36 /USD/SF/YR

130 S Union Street, Traverse City, MI 49684

Commercial, Traverse City, MI

Space SizeContact for details
Property Size15,540 SF
Lot Size0.15 Acres
Days on Market1438

Property Features for 130 S Union Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Commercial
Parking features Parking Lot
Exterior features Brick
Lot features Corner Lot
Directions North west corner of the intersection of State St and Union St.
Subdivision Grand Traverse
Standard status Active
Size 5,000 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description Lengthy see Documents
Legal Description Lengthy see Documents

Amenities

board room
conference rooms
kitchenettes

Building Details

Building materials Frame
Roof type Membrane
Listing Agency: Three West, LLC
Listed By: Kevin Endres · License #6505352968
Added: Sep 28, 2022 Changed: Sep 1 Last Checked: Sep 4 at 4:06AM
MLS# 1905386

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.

Office space is available on the second or third floor of a three-story, 15,540-square-foot professional building. The 5,000-square-foot offering includes private offices, open work areas, a boardroom, conference rooms, kitchenettes, and restrooms. Brick exterior construction and a membrane roof are among the building’s physical features.

The property occupies the northwest corner of Union Street and State Street in Traverse City’s Central Business District, a short distance from the shores of Lake Michigan. Parking consists of public on-street spaces and permit parking in a city surface lot. The space is offered through February 29, 2028, under an NNN sublease, with utilities paid directly by the tenant.

Key Highlights

  • Choice of second- or third‑floor office space
  • 5,000 SF offering within a 15,540‑square‑foot, three‑story building
  • Private offices and open workspace areas

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Electrical Service HVAC Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,052
Businesses Nearby

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 31% below the average of $23.27 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office accommodation with private rooms, collaborative areas, meeting facilities, and shared kitchen and restroom amenities.
Where is this office units located?
The property is located at 130 S Union Street Traverse City, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Choice of second- or third‑floor office space; 5,000 SF offering within a 15,540‑square‑foot, three‑story building; Private offices and open workspace areas
More about this property
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