Downtown Traverse City Retail
For Lease
$20 SF/Yr
161 E Front St, Traverse City, MI 49684
Prime retail space in downtown Traverse City with high visibility.
Space Size4,240 SF
Days on Market123
Property Features for 161 E Front St
General Information
Standard status
Active
Size
4,240 SF
Property subtype
Retail
Spaces For Lease
at 161 E Front St Contact us- Size
- 4,240 SF
- Type
- Retail
- Lease Type
- NNN
- Sublease
- No
- Build Type
- Full build out
Space Available $20/SF/Yr
Listing Agency:
Coldwell Banker Schmidt Realtors
(231) 633-0432
Listed By:
Daniel Stiebel · License #6502352362
Source:
Commercialcafe
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 23 at 9:59AM
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 Coldwell Banker Schmidt Realtors
Investment Insights
Based on property information with market context.
Located in the heart of downtown Traverse City, this lease space offers a highly visible location on the corner of Front Street and Cass Street. Situated in the center of the thriving shopping district, the property benefits from excellent foot traffic and exposure. The available 4,240 square foot lower level is suitable for a custom buildout, with potential uses including a bar, speakeasy, retail boutique, or trendy cafe. Access to the lower level is provided by stairs from Front Street in the common lobby, as well as an entrance on the Boardman River side. The location is very bikeable, with a bike score of 85, and very walkable, with a walk score of 84.
Key Highlights
- Prime downtown location at the corner of Front Street and Cass Street, the best corner in Traverse City.
- High visibility and excellent foot traffic in the thriving shopping district.
- Large 4,240 sq ft lower level space available for custom buildout.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 15%
Dining 12%
Groceries 7%
Chase Bank
Shops & Services
6,517 visits/mo
0.1 miles
Hotel Indigo Traverse City
Hotels & Casinos
5,501 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.2 miles
Shell
Shops & Services
4,298 visits/mo
0.5 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.4 miles
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
$22.35 /SF/Yr
Avg Asking Price
$10–$37 /SF/Yr
Price Range
4,522 SF
Avg Space Size
This space is priced 11% below the average of $22.35 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space in downtown Traverse City with high visibility.
Where is this retail space located?
The property is located at 161 E Front St Traverse City, MI.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Prime downtown location at the corner of Front Street and Cass Street, the best corner in Traverse City.; High visibility and excellent foot traffic in the thriving shopping district.; Large 4,240 sq ft lower level space available for custom buildout.
