Tenant-Occupied Office
232 E State Street Traverse City, MI 49684
232 E State Street, Traverse City, MI, 49684
$950,000
For Sale
$950,000
COMMERCIAL - Traverse City, MI
Property Size2,270 SF
Lot Size0.16 Acres
Price / SF$418.50
Days on Market67
Property Features for 232 E State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Exterior features
- Brick
- Standard status
- Active
- Size
- 2,270 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Part of UNIT 92 - BOARDWALK CONDO GTC CONDO SUB PLAN NO 517 2023C-00057 MASTER DEED FILED DECEMBER 12, 2023. SPLIT/COMBINED ON 12/15/2023 FROM 28-51-794-088-00 CREATING CHILDREN 28-51-164-000-00 THRU 28-51-164-092-00;
Building Details
- Building materials
- Steel, Under Construction
- 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: May 12 Checked: Jul 17 at 9:06 pm
MLS# 1945006
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 tenant-occupied commercial condo offers 2,270 square feet of office space and was constructed in 2025. The property is tied to a 10-year NNN lease that began in November 2025 and includes two renewal options. Financial information is available with a signed NDA and proof of funds.
Located at 232 E State Street in Traverse City, Michigan, the asset is positioned as a downtown investment opportunity in Grand Traverse County. The current lease structure provides the framework for predictable occupancy through the initial term.
As a newer office condo, the space is delivered as a single, tenant-occupied offering under its existing lease arrangement.
Located at 232 E State Street in Traverse City, Michigan, the asset is positioned as a downtown investment opportunity in Grand Traverse County. The current lease structure provides the framework for predictable occupancy through the initial term.
As a newer office condo, the space is delivered as a single, tenant-occupied offering under its existing lease arrangement.
Key Highlights
- 2,270 SF tenant‑occupied commercial condo space in downtown Traverse City, MI
- Constructed in 2025 with steel construction and brick exterior
- Tenant has a 10‑year NNN lease that began in November 2025 with two renewal options
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Newly constructed office condo is tenant occupied under a 10-year NNN lease.
Where is this office units located?
The property is located at 232 E State Street Traverse City, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,270 SF tenant‑occupied commercial condo space in downtown Traverse City, MI; Constructed in 2025 with steel construction and brick exterior; Tenant has a 10‑year NNN lease that began in November 2025 with two renewal options
