Retail Condo Unit, C-4c
135 Pine Street Traverse City, MI 49684
135 Pine Street, Traverse City, MI, 49684
$610,050
For Sale
$610,050
COMMERCIAL - Traverse City, MI
Property Size1,743 SF
Lot Size0.02 Acres
Price / SF$350
Days on Market362
Property Features for 135 Pine Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Exterior features
- Brick, Cement Board
- Standard status
- Active
- Size
- 1,743 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Description
- Lengthy see documents.
Building Details
- Building materials
- Steel, To Be Built, 2x6 Framing
- Roof type
- Membrane
Listing Agency
Three West, LLC
(231) 929-2955
1131 E Eighth Street, Traverse City, MI
Listed by
Kevin Endres · License #6505352968
(231) 534-5225
Added: Jul 21, 2025 Checked: Jul 17 at 7:06 pm
MLS# 1936596
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.
This for-sale retail condo unit at 135 Pine Street is planned at 1,743 square feet and is scheduled to be completed in June of 2026. The unit is described as having a versatile layout and modern amenities, making it suited for retail tenants looking for a contemporary, street-level configuration within a condo setting.
The property is positioned in downtown Traverse City, Michigan. Zoning is identified as C-4c, which is intended to support retail businesses. The listing presents the asset as a commercial storefront opportunity in an established downtown retail area.
For buyers or operators, this represents a single retail condo unit within a C-4c framework and a clear delivery timeline of mid-2026. It may be a practical fit for retailers seeking a purpose-built space with modern features, rather than a fully existing property, while aligning their plans with the stated downtown retail zoning designation.
The property is positioned in downtown Traverse City, Michigan. Zoning is identified as C-4c, which is intended to support retail businesses. The listing presents the asset as a commercial storefront opportunity in an established downtown retail area.
For buyers or operators, this represents a single retail condo unit within a C-4c framework and a clear delivery timeline of mid-2026. It may be a practical fit for retailers seeking a purpose-built space with modern features, rather than a fully existing property, while aligning their plans with the stated downtown retail zoning designation.
Key Highlights
- 1,743 SF downtown Traverse City retail condo unit at 135 Pine St
- Condo is scheduled to be completed in June 2026
- C‑4c zoning per listing remarks for retail businesses
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
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Newly planned retail condo unit under C-4c zoning, scheduled for completion in June 2026.
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: 1,743 SF downtown Traverse City retail condo unit at 135 Pine St; Condo is scheduled to be completed in June 2026; C‑4c zoning per listing remarks for retail businesses
