118 E Front St Traverse Traverse City, MI 49684
Three-story building with ground-floor retail and flexible C-4B zoning for commercial or residential conversion.
Property Features for 118 E Front St Traverse
General Information
- Standard status
- Active
- Size
- 9,045 SF
- Property subtype
- Street Retail
Building Details
- Year Built
- 1900
Listing office Three West LLC (231) 929-2955
Listing date Jun 7, 2026
Source Thebrokerlist
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 Three West LLC
Investment Insights
Based on property information with market context.
The property sits on the south side of E Front St between Union St and Cass St, within two blocks of downtown Traverse City. A designated crosswalk is located in front of the building, and the site includes ample parking behind the building, with both metered lots and parking spaces.
Designed for mixed-use possibilities, the ground floor is positioned for retail, while the upper floors can be developed as office or residential space in line with the C-4B zoning for commercial or residential use. For buyers and operators seeking a downtown presence with configurable interior space and downtown accessibility, the building’s layout and basement support can accommodate both current retail use and future reconfiguration of the second and third floors. “Possible tax credits” are referenced for the property within its historic district context.
Key Highlights
- Historic 3‑story Wurzburg Building with 9,045 SF plus a full basement for storage and mechanicals
- Located on South side of E Front St between Union St and Cass St, within the two most desirable blocks of downtown Traverse City
- Ground‑floor retail with the option to develop the 2nd and 3rd floors into office or residential space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.7k | $19.20 |
| − Vacancy | −$13.9k | −$1.54 |
| EGI | $159.8k | $17.66 |
| − OpEx | −$47.9k | −$5.30 |
| NOI | $111.8k | $12.36 |
Alternative Uses
Property Analytics
Current Use by Public Records
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