Downtown Retail Condo for
For Lease
$24 SF/Yr
137 Pine Street, Traverse City, MI 49684
COMMERCIAL - Traverse City, MI
Space Size2,971 SF
Lot Size0.02 Acres
Days on Market399
Property Features for 137 Pine Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
Commercial
Exterior features
Brick, Cement Board
Lot features
Inside Lot
Directions
South east corner of Pine St and W Front St intersection, on the alley.
Subdivision
Grand Traverse
Standard status
Active
Size
2,971 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
Lengthy see documents.
Legal 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
Listed By:
Kevin Endres · License #6505352968
(231) 534-5225
Added: Jul 21, 2025
Changed: Aug 4
Last Checked: Aug 23 at 2:06AM
MLS# 1936601
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 leasing opportunity is a 2,971-square-foot retail condo unit planned for completion in June of 2026. The space is presented as a modern, versatile retail layout intended to support a range of retail business uses. As a condo unit, the offering is structured for tenants seeking dedicated retail space rather than a shared configuration.
The property is located in downtown Traverse City, providing a central setting within the city. It is identified with C-4c zoning, which is intended to accommodate retail businesses. The downtown context is a key part of the property’s positioning for retailers looking to serve walk-in and local foot traffic.
For prospective tenants, the primary draw is the combination of a newly scheduled build timeline and a retail-oriented configuration within C-4c zoning. The unit’s completion date gives operators a clear planning horizon, while the condo format supports a straightforward leasing path for retail users that want a dedicated retail presence in downtown Traverse City. Interested parties should confirm final finishes and any unit-specific buildout details as part of the leasing process.
The property is located in downtown Traverse City, providing a central setting within the city. It is identified with C-4c zoning, which is intended to accommodate retail businesses. The downtown context is a key part of the property’s positioning for retailers looking to serve walk-in and local foot traffic.
For prospective tenants, the primary draw is the combination of a newly scheduled build timeline and a retail-oriented configuration within C-4c zoning. The unit’s completion date gives operators a clear planning horizon, while the condo format supports a straightforward leasing path for retail users that want a dedicated retail presence in downtown Traverse City. Interested parties should confirm final finishes and any unit-specific buildout details as part of the leasing process.
Key Highlights
- 2,971 SF retail condo unit in downtown Traverse City, scheduled to be completed in June 2026
- C‑4c zoning for retail businesses
- Exterior includes brick and cement board
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,052
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Hotels & Casinos 19%
Groceries 8%
Dining 7%
Chase Bank
Shops & Services
6,517 visits/mo
0.3 miles
Hotel Indigo Traverse City
Hotels & Casinos
5,501 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.1 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.3 miles
Rocket Fizz
Groceries
2,403 visits/mo
0.1 miles
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
$22.35 /SF/Yr
Avg Asking Price
$10–$37 /SF/Yr
Price Range
4,522 SF
Avg Space Size
This space is priced 7% above the average of $22.35 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newly scheduled retail condo unit in a C-4c zoned downtown setting, designed for retail tenants.
Where is this retail space located?
The property is located at 137 Pine Street Traverse City, MI.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 2,971 SF retail condo unit in downtown Traverse City, scheduled to be completed in June 2026; C‑4c zoning for retail businesses; Exterior includes brick and cement board
