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Downtown Office Unit with Shared Conference Room
For Lease
$825/Mo

123 W Front Street, Traverse City, MI 49684

The office includes shared access to a conference room and kitchenette, with utilities and expenses included except internet.

Space SizeContact for details
Property Size290 SF
Days on Market663

Property Features for 123 W Front Street

General Information

Standard status Active
Size 290 SF
Zoning Office, Commercial

Space & Availability

Space Use Private Office
Private Offices 1

Additional Details

Utilities Included in Rent all utilities

Amenities

shared conference room
kitchenette

Building Details

Building Size 290 SF
Year Built 1937
Listing Agency: CENTRAL REAL ESTATE MT PLEASANT, INC.
Listed By: Dave Zamarron · License #6502102202
Source: Centralmirealty
Added: Jan 13, 2025 Changed: Nov 4 Last Checked: Nov 4 at 2:17PM

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 CENTRAL REAL ESTATE MT PLEASANT, INC.

Rey
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Investment Insights

Based on property information with market context.

This 290-square-foot office unit has hardwood floors, exposed ceiling trusses, industrial lighting, and windows facing Front Street. Shared amenities include a conference room and kitchenette. Utilities and expenses are included, with internet excluded.

Located at 123 W Front Street in downtown Traverse City, the property dates to 1937 and is zoned Office, Commercial.

Key Highlights

  • 290‑square‑foot private office unit
  • Hardwood flooring, exposed ceiling trusses, and industrial lighting
  • Windows overlook Front Street in downtown Traverse City

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pacificoast Restaurant Utopia Foundation Charitable Organization Posh Clothing & Fashion Store Gourdie-Fraser, Inc. (GFA) Civil Engineer Sincerely Betty Clothing & Fashion Store

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Building Supply Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.12 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,080
Businesses Nearby

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

Lease Benchmarks for Traverse City, MI

$24.34 /SF/Yr
Avg Asking Price
$12–$56.57 /SF/Yr
Price Range
4,035 SF
Avg Space Size

This space is priced 40% above the average of $24.34 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - The office includes shared access to a conference room and kitchenette, with utilities and expenses included except internet.
Where is this office unit located?
The property is located at 123 W Front Street Traverse City, MI.
What is the lease rate?
The lease rate is $825/Mo.
What are key features of this property?
This property features: 290‑square‑foot private office unit; Hardwood flooring, exposed ceiling trusses, and industrial lighting; Windows overlook Front Street in downtown Traverse City
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