Second Floor Office
For Lease
$28 SF/Yr
Pending
125 S Park Street, Traverse City, MI 49684
COMMERCIAL - Traverse City, MI
Space Size1,482 SF
Days on Market1089
Property Features for 125 S Park Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Office
Parking features
Garage
Exterior features
Brick
Lot features
Office Center
Directions
Located in the heart of Downtown Traverse City, at the intersection of State Street and Park Street. Directly across from the Park Place Hotel
Subdivision
Grand Traverse
Standard status
Pending
Size
1,482 SF
Taxes and HOA fees
Tax Description
See attached parcel details
Legal Description
See attached parcel details
Amenities
24hr electronic security
Building Details
Building materials
Brick
Listing Agency:
G.A. Snowden Associates
(231) 632-6007
Listed By:
Gerald Snowden · License #6502118151
(231) 932-1700
Added: Aug 31, 2023
Changed: Aug 4
Last Checked: Aug 23 at 1:06PM
MLS# 1915150
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 second-floor office suite includes a newer lobby and an interior layout designed for professional use. The space features a conference room, three offices with westerly views of the city, and an additional interior office that could also function as a larger break room, depending on your workflow. The suite is offered as a Class A office option within the building.
Located in downtown Traverse City, the building is centrally positioned near dining, banks, the courthouse, and Park Place Hotel. Access is supported by ample nearby parking, including optional reserved covered parking in the adjacent public parking deck, along with street parking within steps of the office entrance. Building operations include 24-hour electronic security.
The lease is structured as a modified gross arrangement that includes heating/cooling, janitorial, taxes, insurance, and maintenance within the rate. Electricity is the one operating expense not included, and the listing notes no additional costs beyond that framework. This configuration should work well for office tenants seeking a move-in-ready second-floor suite with dedicated rooms for meetings, focused work, and team support.
Located in downtown Traverse City, the building is centrally positioned near dining, banks, the courthouse, and Park Place Hotel. Access is supported by ample nearby parking, including optional reserved covered parking in the adjacent public parking deck, along with street parking within steps of the office entrance. Building operations include 24-hour electronic security.
The lease is structured as a modified gross arrangement that includes heating/cooling, janitorial, taxes, insurance, and maintenance within the rate. Electricity is the one operating expense not included, and the listing notes no additional costs beyond that framework. This configuration should work well for office tenants seeking a move-in-ready second-floor suite with dedicated rooms for meetings, focused work, and team support.
Key Highlights
- Second‑floor Class A office suite with 1,482 rentable SF
- Suite layout includes a conference room, three offices, plus an interior office that could work as a large break room
- Newer building lobby and westerly views of the city from the offices
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Market
Lease Benchmarks for Traverse City, MI
$23.38 /SF/Yr
Avg Asking Price
$8.34–$56.57 /SF/Yr
Price Range
3,227 SF
Avg Space Size
This space is priced 20% above the average of $23.38 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Second-floor suite with multiple offices and a conference room, supported by building security and an expense-inclusive modified gross lease.
Where is this office units located?
The property is located at 125 S Park Street Traverse City, MI.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Second‑floor Class A office suite with 1,482 rentable SF; Suite layout includes a conference room, three offices, plus an interior office that could work as a large break room; Newer building lobby and westerly views of the city from the offices
