Retail Condo
137 Pine St Unit 101 Traverse City, MI 49684
For Sale
$891,300
Retail condo unit with C-4c zoning, scheduled for completion in June 2026.
Property Size2,971 SF
Price / SF$300
Days on Market371
Property Features for 137 Pine St Unit 101
General Information
- Standard status
- Active
- Size
- 2,971 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
Changed: Jul 23
Last Checked: Jul 23 at 7:19AM
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 retail condo unit at 137 Pine St, Unit 101, is being developed with an estimated completion date of June 2026. The offering consists of a 2,971 SF space configured for retail use, with modern amenities and a versatile layout designed to support a range of retail concepts.
The property is positioned in downtown Traverse City and is governed by C-4c zoning.
As a retail condo, the space provides a defined footprint for an owner-operator or investor seeking a dedicated retail unit scheduled to come online in 2026.
The property is positioned in downtown Traverse City and is governed by C-4c zoning.
As a retail condo, the space provides a defined footprint for an owner-operator or investor seeking a dedicated retail unit scheduled to come online in 2026.
Key Highlights
- 2,971 SF retail condo unit at 137 Pine St in downtown Traverse City
- C‑4c zoning for retail use
- Scheduled completion in June 2026
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 | $57.0k | $19.20 |
| − Vacancy | −$4.6k | −$1.54 |
| EGI | $52.5k | $17.66 |
| − OpEx | −$15.7k | −$5.30 |
| NOI | $36.7k | $12.36 |
2,971 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$524.8K
$459.2K – $612.3K
NOI $36,736 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$645.4K
$564.7K – $753.0K
NOI $45,178 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail condo unit with C-4c zoning, scheduled for completion in June 2026.
Where is this retail space located?
The property is located at 137 Pine St Unit 101 Traverse City, MI.
What is the asking price?
The asking price for this property is $891,300.
What are key features of this property?
This property features: 2,971 SF retail condo unit at 137 Pine St in downtown Traverse City; C‑4c zoning for retail use; Scheduled completion in June 2026
