Downtown Retail Condo
For Sale
$835,500
141 W Front St, Traverse City, MI 49684
Retail condo unit offering 2,578 SF and C-4c zoning, scheduled for completion in March 2026.
Property Size2,578 SF
Price / SF$324.09
Days on Market474
Property Features for 141 W Front St
General Information
Standard status
Active
Size
2,578 SF
Property subtype
Commercial
Zoning
C-4c
Building Details
Year Built
2026
Listing Agency:
Three West, LLC
Listed By:
Kevin L Endres · License #6505352968
(231) 929-2955
Source:
Vmrealestatemichigan
Added: Jul 3, 2025
Changed: Oct 1
Last Checked: Oct 19 at 6:47AM
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
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Investment Insights
Based on property information with market context.
This for-sale retail condo unit totals 2,578 SF and is scheduled to be completed in March of 2026. The space is designed with a versatile layout to support retail operations, and it is offered as Unit 101 in the building at 141 W Front St.
The unit is located in downtown Traverse City and is supported by C-4c zoning, which is intended to accommodate retail businesses. This timing and zoning framework make the property particularly relevant for tenants or owners planning for a near-term opening.
As a condo unit within a retail-focused setting, the space provides a straightforward option for companies seeking a dedicated retail footprint aligned with C-4c zoning.
The unit is located in downtown Traverse City and is supported by C-4c zoning, which is intended to accommodate retail businesses. This timing and zoning framework make the property particularly relevant for tenants or owners planning for a near-term opening.
As a condo unit within a retail-focused setting, the space provides a straightforward option for companies seeking a dedicated retail footprint aligned with C-4c zoning.
Key Highlights
- 2,578 SF retail condo unit at 141 W Front St
- Scheduled for completion in March 2026
- C‑4c zoning for retail businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,876
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,520
$637.5K
Cap Rate 7%
$455,371
$455.4K
Cap Rate 9%
$354,178
$354.2K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$49.5K $19.20/SF
− Vacancy
−$4.0K −$1.54/SF
EGI
$45.5K $17.66/SF
− OpEx
−$13.7K −$5.30/SF
NOI
$31.9K $12.36/SF
Area
Grand Traverse County, MI
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,520
Cap Rate 7%
$455,371
Cap Rate 9%
$354,178
Alternative Uses
Best Use
Retail
$455.4K
$398.5K – $531.3K
NOI $31,876 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.0K
$490.0K – $653.4K
NOI $39,202 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 15%
Dining 12%
Groceries 7%
Chase Bank
Shops & Services
6,517 visits/mo
0.1 miles
Hotel Indigo Traverse City
Hotels & Casinos
5,501 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.2 miles
Shell
Shops & Services
4,298 visits/mo
0.5 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail condo unit offering 2,578 SF and C-4c zoning, scheduled for completion in March 2026.
Where is this retail space located?
The property is located at 141 W Front St Traverse City, MI.
What is the asking price?
The asking price for this property is $835,500.
What are key features of this property?
This property features: 2,578 SF retail condo unit at 141 W Front St; Scheduled for completion in March 2026; C‑4c zoning for retail businesses
