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Office Units with Private Offices
For Lease
$16 SF/Yr CAM $7.36 /USD/SF/YR

130 S Union Street, Traverse City, MI 49684

COMMERCIAL - Traverse City, MI

Space SizeContact for details
Property Size15,540 SF
Lot Size0.15 Acres
Days on Market1426

Property Features for 130 S Union Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Commercial
Parking features Parking Lot
Exterior features Brick
Lot features Corner Lot
Directions North west corner of the intersection of State St and Union St.
Subdivision Grand Traverse
Standard status Active
Size 5,000 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description Lengthy see Documents
Legal Description Lengthy see Documents

Amenities

private offices
open workspace
board room
conference rooms
kitchenettes
restrooms

Building Details

Building materials Frame
Roof type Membrane
Listing Agency: Three West, LLC
Listed By: Kevin Endres · License #6505352968
Added: Sep 28, 2022 Changed: Aug 4 Last Checked: Aug 23 at 1:06PM
MLS# 1905386

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.

Office space is available on the second or third floor of a 15,540-square-foot professional building. Each floor includes private offices, open work areas, a board room, conference rooms, kitchenettes, and restrooms. The building has brick exterior elements, frame construction, and a membrane roof.

The property occupies the northwest corner of Union Street and State Street in Traverse City’s Central Business District, a short distance from Lake Michigan. Parking options include public on-street spaces and permit parking in a city surface lot.

The offering is structured as an NNN sublease extending through February 29, 2028. The tenant is responsible for utilities paid directly to the providers, in addition to applicable NNN obligations.

Key Highlights

  • Choice of second- or third‑floor office space
  • 15,540‑square‑foot professional office building
  • Private offices and open workspace areas on each floor

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Electrical Service HVAC Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,052
Businesses Nearby

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 32% below the average of $23.38 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible floor plans combine enclosed offices, collaborative work areas, meeting rooms, kitchenettes, and restrooms.
Where is this office units located?
The property is located at 130 S Union Street Traverse City, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Choice of second- or third‑floor office space; 15,540‑square‑foot professional office building; Private offices and open workspace areas on each floor
More about this property
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