Retail Condo Unit with C-4c
141 W Front Street Traverse City, MI 49684
141 W Front Street, Traverse City, MI, 49684
$773,400
For Sale
$773,400
COMMERCIAL - Traverse City, MI
Property Size2,578 SF
Lot Size0.02 Acres
Price / SF$300
Days on Market362
Property Features for 141 W Front Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Exterior features
- Brick, Cement Board
- Standard status
- Active
- Size
- 2,578 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Description
- Lengthy see documents.
Building Details
- Building materials
- Steel, To Be Built, 2x6 Framing
- Roof type
- Membrane
Listing Agency
Three West, LLC
(231) 929-2955
1131 E Eighth Street, Traverse City, MI
Listed by
Kevin Endres · License #6505352968
(231) 534-5225
Added: Jul 21, 2025 Checked: Jul 17 at 9:06 pm
MLS# 1936594
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 offering is a 2,578-square-foot retail condo unit at 141 W Front Street, scheduled to be completed in March of 2026. The space is being delivered with a modern approach and a versatile layout intended to support a range of retail business operations. It is structured as a condo unit, providing a defined retail footprint within the property.
The property is located in downtown Traverse City, Michigan, on W Front Street. The provided information indicates C-4c zoning, which is described as supporting retail businesses. This zoning designation, along with the central downtown setting, is part of the intended business fit for retailers seeking an established storefront location.
For tenants, buyers, or operators looking for a new retail space in a downtown environment, the combination of a defined condo unit and C-4c zoning is designed to align with retail use. With completion scheduled for March 2026, it can also fit planning timelines for those preparing for an opening following delivery. This is a straightforward retail ownership opportunity centered on a purpose-fit configuration for retail operations.
The property is located in downtown Traverse City, Michigan, on W Front Street. The provided information indicates C-4c zoning, which is described as supporting retail businesses. This zoning designation, along with the central downtown setting, is part of the intended business fit for retailers seeking an established storefront location.
For tenants, buyers, or operators looking for a new retail space in a downtown environment, the combination of a defined condo unit and C-4c zoning is designed to align with retail use. With completion scheduled for March 2026, it can also fit planning timelines for those preparing for an opening following delivery. This is a straightforward retail ownership opportunity centered on a purpose-fit configuration for retail operations.
Key Highlights
- 2,578 SF retail condo unit at 141 W Front St in downtown Traverse City
- Scheduled for completion in March 2026
- C‑4c zoning for retail uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.5k | $19.20 |
| − Vacancy | −$4.0k | −$1.54 |
| EGI | $45.5k | $17.66 |
| − OpEx | −$13.7k | −$5.30 |
| NOI | $31.9k | $12.36 |
2,578 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$455.4K
$398.5K – $531.3K
NOI $31,876 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.0K
$490.0K – $653.4K
NOI $39,202 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fustini's Oils & Vinegars ...
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - New retail condo unit scheduled for March 2026, positioned for C-4c compatible retail use in downtown Traverse City.
Where is this retail space located?
The property is located at 141 W Front Street Traverse City, MI.
What is the asking price?
The asking price for this property is $773,400.
What are key features of this property?
This property features: 2,578 SF retail condo unit at 141 W Front St in downtown Traverse City; Scheduled for completion in March 2026; C‑4c zoning for retail uses
