Multi-Tenant Retail Warehouse
144 Hall Street Traverse City, MI 49684
For Sale
$2,950,000
COMMERCIAL - Traverse City, MI
Property Size18,454 SF
Lot Size0.72 Acres
Price / SF$159.86
Days on Market344
Property Features for 144 Hall Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
18
Parking features
Parking Lot
Exterior features
Brick
Standard status
Active
Size
18,454 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
LOTS 75-76 HANNAH LAY & CO'S 11TH ADD
Tax Annual Amount
55828
Building Details
Building materials
Block
Listing Agency:
REMAX Bayshore - West Shore Dr TC
(231) 941-4500
Listed By:
Thomas Corbett · License #6501406353
(617) 515-9707
Added: Aug 21, 2025
Changed: Jul 28
Last Checked: Jul 30 at 3:06AM
MLS# 1937780
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.
A multi-tenant retail warehouse building known as Warehouse MRKT offering space for 9 established tenants in a proven rental model. The property is described as featuring soaring ceilings, exposed beams, and an adaptable open floor plan designed to support varied retail concepts.
Located at 144 Hall Street in Traverse City’s Warehouse District, the building is offered with on-site parking. The lot size is listed at 0.72 acres, and the property size is listed as 18,454 square feet.
This is a For Sale offering for an operating, multi-tenant retail warehouse property in Traverse City.
Located at 144 Hall Street in Traverse City’s Warehouse District, the building is offered with on-site parking. The lot size is listed at 0.72 acres, and the property size is listed as 18,454 square feet.
This is a For Sale offering for an operating, multi-tenant retail warehouse property in Traverse City.
Key Highlights
- Brick exterior with block construction and a parking lot on site
- Multi‑tenant building with 9 established tenants in a proven rental model
- Warehouse MRKT located in Traverse City’s Warehouse District
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 | $354.3k | $19.20 |
| − Vacancy | −$28.3k | −$1.54 |
| EGI | $326.0k | $17.66 |
| − OpEx | −$97.8k | −$5.30 |
| NOI | $228.2k | $12.36 |
18,454 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.26M
$2.85M – $3.80M
NOI $228,180 @ 7.0% cap · market cap 7.73%
Second Best
Flex RnD
$2.72M
$2.38M – $3.17M
NOI $190,089 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,619 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail warehouse building with 9 established tenants and on-site parking.
Where is this retail space located?
The property is located at 144 Hall Street Traverse City, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Brick exterior with block construction and a parking lot on site; Multi‑tenant building with 9 established tenants in a proven rental model; Warehouse MRKT located in Traverse City’s Warehouse District
