Renovated Storefront
For Lease
$2,200/Mo
1048 S Garfield Avenue, Traverse City, MI 49686
Commercial-zoned space at a signalized-area corner features updated building systems and a resurfaced parking lot.
Space SizeContact for details
Property Size1,200 SF
Days on Market523
Property Features for 1048 S Garfield Avenue
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
10
Zoning
Commercial
Additional Details
Lease Term
60 months
Building Details
Building Size
1,200 SF
Year Built
1953
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron · License #6502102202
(989) 621-8972
Source:
Centralmirealty
Added: Jun 2, 2025
Changed: Nov 4
Last Checked: Nov 4 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTRAL REAL ESTATE MT PLEASANT, INC.
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Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront property, built in 1953, has commercial zoning and a range of recent updates. Improvements include fresh interior and exterior paint, a new bathroom, updated facade and front window, resurfaced parking, a replaced roof, and newer central heating and air conditioning. New flooring is scheduled for installation during the week of October 20.
The property occupies the corner of S. Garfield Avenue and Carver, with reported daily traffic exceeding 18,000 vehicles. The lease includes property taxes and building insurance; the tenant is responsible for utilities, landscaping, and snow removal.
The property occupies the corner of S. Garfield Avenue and Carver, with reported daily traffic exceeding 18,000 vehicles. The lease includes property taxes and building insurance; the tenant is responsible for utilities, landscaping, and snow removal.
Key Highlights
- 1,200 square feet; built in 1953
- Commercial zoning
- Corner of S. Garfield Avenue and Carver, with over 18,000 vehicles passing daily
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 20%
Dining 9%
Home Improvements & Furnishings 3%
The UPS Store
Shops & Services
8,527 visits/mo
0.3 miles
Save-A-Lot
Groceries
6,486 visits/mo
0.1 miles
AutoZone
Shops & Services
4,120 visits/mo
0.4 miles
Serra Toyota of Traverse City
Shops & Services
3,522 visits/mo
0.4 miles
Jet's Pizza
Dining
2,847 visits/mo
0.2 miles
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
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Market
Lease Benchmarks for Traverse City, MI
$16.57 /SF/Yr
Avg Asking Price
$12.57–$24 /SF/Yr
Price Range
8,797 SF
Avg Space Size
This space is priced 33% above the average of $16.57 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Cherryland Floral And Gifts, Inc. — 1208 S Garfield Ave, Traverse City, MI 49686
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial-zoned space at a signalized-area corner features updated building systems and a resurfaced parking lot.
Where is this storefront property located?
The property is located at 1048 S Garfield Avenue Traverse City, MI.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: 1,200 square feet; built in 1953; Commercial zoning; Corner of S. Garfield Avenue and Carver, with over 18,000 vehicles passing daily
