144 Hall Street, Traverse City, MI 49684
Retail Store,Other - Traverse City, MI
- Added:
- Aug 21, 2025
- Days on Market:
- 311
- Last Refresh:
- Jun 27 at 4:06 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 (617) 515-9707
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
Located at 144 Hall Street in Traverse City, the asset sits in the Warehouse District. The site includes convenient on-site parking and totals approximately 0.72 acres, providing practical access for shoppers and daily operations within a dense, walk-and-visit commercial context.
For buyers, operators, and serious retail tenants, the combination of an open layout and warehouse-style character can support an existing marketplace concept or a new retail direction within the same built form. The multi-tenant setup also allows for flexibility in tenant mix over time, and the building’s configuration may appeal to users considering a broader mixed-use redevelopment approach. With Commercial zoning and an established tenant base, it offers a straightforward platform for retailers seeking an active, functional retail address in the district.
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
