Retail Condo with C-4c
135 Pine Street Traverse City, MI 49684
135 Pine Street, Traverse City, MI, 49684
$610,050
For Sale
$610,050
Retail condo unit scheduled for completion in June 2026, offered for sale with C-4c zoning.
Property Size1,743 SF
Price / SF$350
Days on Market367
Property Features for 135 Pine Street
General Information
- Standard status
- Active
- Size
- 1,743 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agency
Three West, LLC
(231) 534-5225
Listed by
Kevin L Endres · License #6505352968
(231) 534-5225
Source
Homesforsaleinmich
Added: Jul 21, 2025 Updated: Jul 21 at 10:30AM Checked: Jul 22 at 6:11AM
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.
Introducing a retail condo opportunity at 135 Pine Street in Traverse City, Michigan. The offering is a 1,743 SF condo unit scheduled to be completed in June of 2026, designed with a versatile layout and modern amenities for retail use.
The property is identified with C-4c zoning, which is presented as catering to retail businesses. It is marketed as a downtown Traverse City retail option for buyers seeking a foothold in the local retail environment.
Completion is planned for June 2026, and the unit is being positioned as a dedicated retail space within a condo configuration.
The property is identified with C-4c zoning, which is presented as catering to retail businesses. It is marketed as a downtown Traverse City retail option for buyers seeking a foothold in the local retail environment.
Completion is planned for June 2026, and the unit is being positioned as a dedicated retail space within a condo configuration.
Key Highlights
- Retail condo unit, 1,743 SF, scheduled for completion in June 2026
- C‑4c zoning for retail use
- Located at 135 Pine St in downtown Traverse City
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 | $33.5k | $19.20 |
| − Vacancy | −$2.7k | −$1.54 |
| EGI | $30.8k | $17.66 |
| − OpEx | −$9.2k | −$5.30 |
| NOI | $21.6k | $12.36 |
1,743 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$307.9K
$269.4K – $359.2K
NOI $21,552 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail condo unit scheduled for completion in June 2026, offered for sale with C-4c zoning.
Where is this retail space located?
The property is located at 135 Pine Street Traverse City, MI.
What is the asking price?
The asking price for this property is $610,050.
What are key features of this property?
This property features: Retail condo unit, 1,743 SF, scheduled for completion in June 2026; C‑4c zoning for retail use; Located at 135 Pine St in downtown Traverse City
