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    131 Lake Ave Traverse City, MI 49684

    For Lease
    $23 SF/Yr

    Retail space suitable for coffee, smoothies, or sandwiches in Traverse City.

    Lot size:
    0.88 Acres

    Property Features for 131 Lake Ave

    General Information

    Lot size
    0.88 Acres

    Building Details

    Year built
    2011

    Source: Coldwell Banker Schmidt Traver Agent Adam W Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Traverse City Retail Opportunity

    This commercial space is located within a multi-tenant building in Downtown Traverse City, suitable for coffee shops, restaurants, and retail properties. The space is suited for a grab-and-go cafe, smoothie bar, sandwich concept, or specialty coffee operator. It is designed to serve a built-in customer base and capitalize on consistent daily activity. The dining area can accommodate up to 21 people. The layout offers flexibility for various food and beverage concepts, with room to incorporate service counters, display cases, and prep areas. Its location within the building provides natural foot traffic.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Realty agency Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Espresso Bay, Outpost Traverse City, The Daily Grind Coffee Drive Thru, Crepes And Co TC, Mundos 305

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6219632
    Latitude
    44.7605837

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    FAQs

    What type of property is this?
    Coffee shop - Retail space suitable for coffee, smoothies, or sandwiches in Traverse City.
    Where is this coffee shop located?
    The property is located at 131 Lake Ave Traverse City, MI.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in a high-traffic, multi-tenant building in Downtown Traverse City.; - Ideally suited for grab-and-go cafe, smoothie bar, sandwich concept, or specialty coffee operator.; - Built-in customer base and consistent daily foot traffic.
    (231) 715-1033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    131 Lake Ave Traverse City, MI 49684
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