Retail Condo Unit Under
For Sale
$835,500
141 W Front Street, Traverse City, MI 49684
Commercial, Traverse City, MI
Property Size2,785 SF
Lot Size0.02 Acres
Price / SF$300
Days on Market445
Property Features for 141 W Front Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Exterior features
Brick, Cement Board
Lot features
Inside Lot
Directions
South side of W Front St between Pine St and S Union St.
Subdivision
Grand Traverse
Standard status
Active
Size
2,785 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
Lengthy see documents.
Legal Description
Lengthy see documents.
Amenities
modern amenities
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: Sep 9
Last Checked: Oct 8 at 2:06AM
MLS# 1936594
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.
Located at 141 W Front Street in Traverse City, this 2,785-square-foot retail condo unit is scheduled for completion in March 2026. The property is planned with steel construction, 2x6 framing, brick and cement board exterior elements, and a membrane roof.
C-4c zoning supports the property's intended retail application. Positioned in downtown Traverse City, the unit offers a dedicated commercial setting for a business seeking space within the city's central retail area.
C-4c zoning supports the property's intended retail application. Positioned in downtown Traverse City, the unit offers a dedicated commercial setting for a business seeking space within the city's central retail area.
Key Highlights
- 2,785 SF retail condo unit
- Scheduled completion in March 2026
- C‑4c zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,436
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,720
$688.7K
Cap Rate 7%
$491,943
$491.9K
Cap Rate 9%
$382,622
$382.6K
Market Conditions
NOI Build-Up for 2,785 SF
Gross rent
$53.5K $19.20/SF
− Vacancy
−$4.3K −$1.54/SF
EGI
$49.2K $17.66/SF
− OpEx
−$14.8K −$5.30/SF
NOI
$34.4K $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%
$688,720
Cap Rate 7%
$491,943
Cap Rate 9%
$382,622
Alternative Uses
Best Use
Retail
$491.9K
$430.5K – $573.9K
NOI $34,436 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.0K
$529.4K – $705.8K
NOI $42,350 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - C-4c zoning and a versatile layout support retail use in downtown Traverse City.
Where is this retail space located?
The property is located at 141 W Front Street 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: 2,785 SF retail condo unit; Scheduled completion in March 2026; C‑4c zoning
