144 Hall Street, Traverse City, MI 49684
Retail Store,Other - Traverse City, MI
- Added:
- Aug 21, 2025
- Days on Market:
- 298
- Last Refresh:
- Jun 14 at 7:06 pm
Property Features for 144 Hall Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3
- Parking
- 18
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 18,454 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Annual Amount
- 55828
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1926
- Building materials
- Block
- Roof type
- Other
- Architectural style
- Other
Listing agent Thomas Corbett (231) 941-5600
Listing office REMAX Bayshore - West Shore Dr TC 12930 S West Bay Shore Dr, Traverse City, MI (231) 941-4500
Listing date Aug 21, 2025
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.
HighLights
- Prime location in Traverse City's thriving Warehouse District.
- Established multi‑tenant rental model with 9 tenants.
- Adaptable open floor plan with soaring ceilings and exposed beams.
- Significant redevelopment potential for mixed‑use or flagship retail.
- Sits on three‑quarters of an acre with on‑site parking.
- Established pillar of the community with character and income potential.
Overview
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 | $354.3k | $19.20 |
| − Vacancy | −$28.3k | −$1.54 |
| EGI | $326.0k | $17.66 |
| − OpEx | −$97.8k | −$5.30 |
| NOI | $228.2k | $12.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.627037
- Latitude
- 44.765335
