Renovated Office
For Lease
$1,875/Mo
697 Hannah Avenue, Traverse City, MI 49686
Four windowed offices, a reception area and kitchenette create a practical layout for professional use.
Space SizeContact for details
Property Size1,080 SF
Days on Market992
Property Features for 697 Hannah Avenue
General Information
Standard status
Active
Size
1,080 SF
Class
A
Total Parking Spaces
31
Zoning
Office, Retail, Commercial
Space & Availability
Space Use
Office
Condition
Second Generation
Private Offices
4
Building Details
Building Size
1,080 SF
Year Built
1997
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron · License #6502102202
(989) 621-8972
Source:
Centralmirealty
Added: Feb 19, 2024
Changed: Nov 4
Last Checked: Nov 4 at 3:02PM
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
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This 1,080-square-foot office unit was built in 1997 and renovated with new roofing, carpet, paint, dimmable LED lighting and a replacement kitchenette. The ADA-compliant layout has four offices with multiple windows, a reception area, kitchenette and one restroom. An HVAC system with a Halo LED air purifier serves the space, and 31 parking spaces are available.
At 697 Hannah Avenue in Traverse City, the property faces Boardman Lake and is next to the lake and TART trails. Downtown, Munson Medical Center, the county courthouse, restaurants and grocery stores are within walking distance. The location also provides access to the district library and its gardens, as well as nearby business services. The surrounding office center has tenants in real estate, law, accounting and healthcare.
At 697 Hannah Avenue in Traverse City, the property faces Boardman Lake and is next to the lake and TART trails. Downtown, Munson Medical Center, the county courthouse, restaurants and grocery stores are within walking distance. The location also provides access to the district library and its gardens, as well as nearby business services. The surrounding office center has tenants in real estate, law, accounting and healthcare.
Key Highlights
- 1,080‑square‑foot office unit with four windowed offices
- 31 parking spaces
- ADA‑compliant layout with reception, kitchenette and one restroom
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.12 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
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Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
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 14% below 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 - Four windowed offices, a reception area and kitchenette create a practical layout for professional use.
Where is this office unit located?
The property is located at 697 Hannah Avenue Traverse City, MI.
What is the lease rate?
The lease rate is $1,875/Mo.
What are key features of this property?
This property features: 1,080‑square‑foot office unit with four windowed offices; 31 parking spaces; ADA‑compliant layout with reception, kitchenette and one restroom
