Retail Condo Unit with C-4c
135 Pine St Unit 101 Traverse City, MI 49684
135 Pine St Unit 101, Traverse City, MI, 49684
$610,050
For Sale
$610,050
Retail condo unit totaling 1,743 SF, scheduled for June 2026 completion, with C-4c zoning for retail use.
Property Size1,743 SF
Price / SF$350
Days on Market367
Property Features for 135 Pine St Unit 101
General Information
- Standard status
- Active
- Size
- 1,743 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agency
Three West Commercial
(231) 534-5225
Listed by
Kevin Endres · License #6505352968
(231) 534-5225
Source
Cpix.resimplifi
Added: Jul 21, 2025 Updated: Jul 21 at 6:23PM Checked: Jul 22 at 2:14AM
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 Commercial
Investment Insights
Based on property information with market context.
This for-sale retail condo unit, Unit 101, is planned to total 1,743 SF and is scheduled for completion in June of 2026. The space is described as offering a versatile layout suitable for retail operations and is positioned as a modern retail offering within a condo format.
Located at 135 Pine St in downtown Traverse City, the property is presented with C-4c zoning, which is intended to support retail businesses.
As a forthcoming condo unit, it provides a defined retail space for buyers looking to secure a dedicated storefront configuration in central Traverse City.
Located at 135 Pine St in downtown Traverse City, the property is presented with C-4c zoning, which is intended to support retail businesses.
As a forthcoming condo unit, it provides a defined retail space for buyers looking to secure a dedicated storefront configuration in central Traverse City.
Key Highlights
- Retail condo unit totaling 1,743 SF
- Scheduled for June 2026 completion
- C‑4c zoning for retail use
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 totaling 1,743 SF, scheduled for June 2026 completion, with C-4c zoning for retail use.
Where is this retail space located?
The property is located at 135 Pine St Unit 101 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 totaling 1,743 SF; Scheduled for June 2026 completion; C‑4c zoning for retail use
