Property profile

415 E Front St Traverse City, MI 49686

OFF-MARKET
Office Units
Property ID
US43-Q011255
Built 2021
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Property summary

AI-generated overview

Customize your floor plan for this Front Street office space in the heart of downtown with incredible views of Grand Traverse Bay and Boardman River frontage right out the back door. Exceptional location for your business, walking distance to everything downtown has to offer and one block away from the public parking deck. This listing is for the entire 3rd floor. The Landlord is offering a generous build-out allowance for a 5 year or longer lease allowing for a personalized floor plan at an affordable rate. Taxes, Insurance and CAM not to exceed $8/SF (adjusted 3% annually) during the initial lease term, to make expense planning easy for the tenant. Each floor is 2,445 rentable SF and 2,330 usable SF with up to 4,890 SF available. bikeScore: 86, Very Bikeable walkScore: 70, Somewhat Walkable

Property profile

Verified
Property type Office Units
Year built 2021
UPID US43-Q011255

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Physician
  • Alternative Medicine Practice
  • Physician

Location

415 E Front St Traverse City, MI 49686
Traverse City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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