Second Floor Office
For Lease
$28 SF/Yr
Pending
125 S Park Street, Traverse City, MI 49684
COMMERCIAL - Traverse City, MI
Space Size639 SF
Days on Market527
Property Features for 125 S Park Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Office, Commercial
Parking features
Garage
Exterior features
Brick
Lot features
Corner Lot, Office Center
Directions
At the corner of S Park Street and State Street on the Northeast corner in the heart of downtown Traverse City.
Subdivision
Grand Traverse
Standard status
Pending
Size
639 SF
Taxes and HOA fees
Tax Description
lengthy
Legal Description
lengthy
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: Mar 15, 2025
Changed: Aug 4
Last Checked: Aug 23 at 11:06AM
MLS# 1931495
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 two offices and offers westerly views of the city. The space totals 639 rentable square feet and is located within a Class A office building.
The building is centrally positioned downtown at 125 S Park Street, Traverse City, with access to nearby dining, banks, the courthouse, and Park Place Hotel. Parking is available nearby, including optional reserved covered parking in an adjacent public parking deck, along with street parking just steps from the office entrance. The property also provides 24-hour electronic security.
For tenants seeking an operationally straightforward lease, the modified gross lease rate is structured to include heating/cooling, janitorial, taxes, insurance, maintenance, and other operating expenses, with the stated exception of electricity. No additional operating-cost charges are indicated for those included items. The layout suits professional use where separate rooms are beneficial while keeping the overall suite compact and efficient.
The building is centrally positioned downtown at 125 S Park Street, Traverse City, with access to nearby dining, banks, the courthouse, and Park Place Hotel. Parking is available nearby, including optional reserved covered parking in an adjacent public parking deck, along with street parking just steps from the office entrance. The property also provides 24-hour electronic security.
For tenants seeking an operationally straightforward lease, the modified gross lease rate is structured to include heating/cooling, janitorial, taxes, insurance, maintenance, and other operating expenses, with the stated exception of electricity. No additional operating-cost charges are indicated for those included items. The layout suits professional use where separate rooms are beneficial while keeping the overall suite compact and efficient.
Key Highlights
- Second‑floor office suite with two offices and westerly views of the city
- 639 rentable SF office suite in a Class A downtown office building
- 24‑hour electronic security in the office building
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
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor suite with two offices and city views in a Class A downtown building with 24-hour electronic security.
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 office suite with two offices and westerly views of the city; 639 rentable SF office suite in a Class A downtown office building; 24‑hour electronic security in the office building
