Downtown Traverse City Retail
204 E Front Street, Traverse City, MI 49684
Single-tenant retail condo in downtown Traverse City, fully leased.
Type:Retail
Property size:
2,000 SFPrice / SF:
$474/SF- Added:
- Mar 5, 2026
- Days on Market:
- 76
- Last Refresh:
- Apr 5 at 8:43 pm
Property Features for 204 E Front Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1873
Listing agent Alex MacKenzie License #650649241
Listing office Coldwell Banker Commercial Schmidt, Realtors Traverse City (231) 929-2300
Listing date Mar 5, 2026
Source Cbcworldwide
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 Commercial Schmidt, Realtors Traverse City
HighLights
- Prime Front Street location in downtown Traverse City.
- Fully leased to a strong retail operator (Serendipity) on a new 5‑year NNN lease.
- Predictable, hands‑off cash flow with a true triple‑net lease structure.
- High visibility storefront with an efficient retail layout (~2,000 SF).
- C‑4B zoning allows for a wide range of permitted uses.
- Priced at a 6.95% CAP.
Overview
This single-tenant retail condominium is located directly on Front Street in downtown Traverse City. The property is fully leased on a new 5-year NNN lease to Serendipity, a retail operator with multiple locations in Northern Michigan. The approximately 2,000 square foot storefront features visibility on Front Street with an efficient retail layout including an open sales floor, fitting rooms, rear storage, and a private restroom. The unit is positioned within one of downtown's active retail blocks and benefits from C-4B zoning, allowing for a range of permitted uses. This offering provides cash flow with a triple-net lease structure and condominium ownership, making it suited for private investors and 1031 exchange buyers seeking downtown income. The property is currently priced at a 6.95% CAP.
Location Intelligence
Current Use by Public Records
FatFace
Clothing Store
Similar Places Nearby
- Darling Botanical Company — 144 Hall St, Traverse City, MI 49684
- Mourning Wreaths — 617 e state st, traverse city, mi 49686
- The Flower Station — 341 W Front St, Traverse City, MI 49684
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6207
- Latitude
- 44.7639
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Single-tenant retail condo in downtown Traverse City, fully leased.
Where is this storefront property located?
The property is located at 204 E Front Street Traverse City, MI.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Prime Front Street location in downtown Traverse City.; Fully leased to a strong retail operator (Serendipity) on a new 5‑year NNN lease.; Predictable, hands‑off cash flow with a true triple‑net lease structure.
