Remodeled Retail
For Lease
$750/Mo
525 S Union Street, Traverse City, MI 49684
Includes an open sales area, two private offices, storage, and access to a private parking lot.
Space Size990 SF
Days on Market1123
Property Features for 525 S Union Street
General Information
Standard status
Active
Size
990 SF
Net Rentable
990 SF
Zoning
Commercial
Space & Availability
Available Space
990 SF
Contiguous Space
990 SF
Space Use
Retail
Building Details
Building Size
200 SF
Year Built
1900
Listing Agency:
Phoenix Property Partners
Listed By:
Ashley Rokos · License #6502424094
(231) 342-3775
Source:
Centralmirealty
Added: Oct 11, 2023
Changed: Nov 5
Last Checked: Nov 4 at 10:30AM
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 Phoenix Property Partners
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Investment Insights
Based on property information with market context.
This retail suite offers an open sales area alongside two private offices and a storage room. Updates include flooring, lighting, ceilings, and paint. The property dates to 1900 and is zoned Commercial.
The suite is at 525 S Union Street in Old Town, Traverse City, with a private parking lot. Its listed property size is 1,000 square feet.
The suite is at 525 S Union Street in Old Town, Traverse City, with a private parking lot. Its listed property size is 1,000 square feet.
Key Highlights
- 1,000‑square‑foot retail suite
- Open retail area, two private offices, and a storage room
- Updated flooring, lighting, ceilings, and paint
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,191
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 8%
Dining 6%
Apparel 6%
Speedway
Shops & Services
7,650 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,517 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.4 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.5 miles
Rocket Fizz
Groceries
2,403 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Traverse City, MI
$20.82 /SF/Yr
Avg Asking Price
$9.23–$38.89 /SF/Yr
Price Range
3,767 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Includes an open sales area, two private offices, storage, and access to a private parking lot.
Where is this retail space located?
The property is located at 525 S Union Street Traverse City, MI.
What is the lease rate?
The lease rate is $750/Mo.
What are key features of this property?
This property features: 1,000‑square‑foot retail suite; Open retail area, two private offices, and a storage room; Updated flooring, lighting, ceilings, and paint
