Second-Floor Office
For Lease
$27 SF/Yr Modified Gross
125 S Park Street, Traverse City, MI 49684
Modified gross terms exclude electricity; digital and fiber services are compatible.
Space Size639 SF - 2,121 SF
Days on Market1163
Property Features for 125 S Park Street
General Information
Standard status
Active
Size
639 SF - 2,121 SF
Net Rentable
639 SF
Class
A
Zoning
Office
Lease Type
Modified Gross
Space & Availability
Available Space
639-2,121 SF
Contiguous Space
639 SF
Floor
2
Space Use
Office
Amenities
24hr electronic security
digital & fiber services compatible
Building Details
Building Size
2,000 SF
Year Built
2004
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron · License #6502102202
(989) 621-8972
Source:
Centralmirealty
Added: Sep 1, 2023
Changed: Nov 5
Last Checked: Nov 4 at 2:21PM
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.
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Investment Insights
Based on property information with market context.
A 639-square-foot office suite occupies the second floor of a building constructed in 2004. It may be combined with Suite 270 to create 2,121 rentable square feet. The modified gross lease covers expenses other than electricity, and the space is compatible with digital and fiber services. Electronic security operates around the clock.
The office is in downtown Traverse City, near shops, theaters, dining, banks, the courthouse and Park Place Hotel. The Hardy Parking Deck is adjacent, with reserved parking spaces available by inquiry.
The office is in downtown Traverse City, near shops, theaters, dining, banks, the courthouse and Park Place Hotel. The Hardy Parking Deck is adjacent, with reserved parking spaces available by inquiry.
Key Highlights
- Second‑floor suite offers 639 sq ft.
- Can be combined with Suite 270 for 2,121 rentable square feet
- Modified gross lease excludes electricity
Property Analytics
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Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
Explore this area
Business Placement
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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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 11% above the average of $24.34 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Modified gross terms exclude electricity; digital and fiber services are compatible.
Where is this office unit located?
The property is located at 125 S Park Street Traverse City, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Second‑floor suite offers 639 sq ft.; Can be combined with Suite 270 for 2,121 rentable square feet; Modified gross lease excludes electricity
