Downtown Traverse City Retail
For Lease
$7,067/Mo
161 E Front Street, Traverse City, MI 49684
Prime retail space in the heart of downtown Traverse City.
Space SizeContact for details
Days on Market623
Property Features for 161 E Front Street
General Information
Standard status
Active
Property subtype
Rental
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Schmidt Traver
(231) 633-0432
Listed By:
Daniel J Stiebel · License #6502352362
(231) 633-0432
Source:
Exitrealty
Added: Nov 26, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:08AM
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 Coldwell Banker Schmidt Traver
Investment Insights
Based on property information with market context.
Located in the heart of downtown Traverse City, this lease space occupies a highly visible corner property at Front Street and Cass Street. The 4,240-square-foot lower level is available for custom buildout. The property benefits from high foot traffic and exposure in the thriving shopping district. The space is suitable for various concepts, including a bar, speakeasy, retail boutique, or cafe. There is an entrance from Front Street in the common lobby and also an entrance on the Boardman River side.
Key Highlights
- Prime downtown location at the corner of Front Street and Cass Street
- High foot traffic and excellent exposure in the thriving shopping district
- 4,240 square foot lower level available for custom buildout
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 15%
Dining 12%
Groceries 7%
Chase Bank
Shops & Services
6,517 visits/mo
0.1 miles
Hotel Indigo Traverse City
Hotels & Casinos
5,501 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.2 miles
Shell
Shops & Services
4,298 visits/mo
0.5 miles
Huntington Bank
Shops & Services
3,876 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
Market
Lease Benchmarks for Traverse City, MI
$21.59 /SF/Yr
Avg Asking Price
$8.34–$37 /SF/Yr
Price Range
4,765 SF
Avg Space Size
This space is priced 7% below the average of $21.59 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space in the heart of downtown Traverse City.
Where is this retail space located?
The property is located at 161 E Front Street Traverse City, MI.
What is the lease rate?
The lease rate is $7,067/Mo.
What are key features of this property?
This property features: Prime downtown location at the corner of Front Street and Cass Street; High foot traffic and excellent exposure in the thriving shopping district; 4,240 square foot lower level available for custom buildout
