Traverse City Retail
For Sale
$924,000
204 E Front St, Traverse City, MI 49684
Single-tenant retail condo in downtown Traverse City, fully leased.
Property Size2,000 SF
Price / SF$462
Days on Market99
Property Features for 204 E Front St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
1873
Listing Agency:
Coldwell Banker Schmidt Traver
(231) 499-0529
Listed By:
Alex MacKenzie · License #6501406999
(231) 499-0529
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 9:07AM
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.
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 storefront is approximately 2,000 square feet and features visibility on Front Street with an efficient retail layout. The layout includes 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 wide range of permitted uses. The property is suited for private investors and 1031 exchange buyers seeking downtown income. The property is currently priced at a 7.14% CAP. The location has a bike score of 92, indicating it is a biker's paradise, and a walk score of 78, indicating it is very walkable.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
40k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Hotels & Casinos 35%
Dining 11%
Groceries 6%
Delamar Traverse City
Hotels & Casinos
8,479 visits/mo
0.4 miles
Chase Bank
Shops & Services
6,517 visits/mo
0.0 miles
Hotel Indigo Traverse City
Hotels & Casinos
5,501 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.3 miles
Shell
Shops & Services
4,298 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
Frequently Asked Questions
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 St Traverse City, MI.
What is the asking price?
The asking price for this property is $924,000.
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.
