Retail Condo with Office
For Lease
$22 SF/Yr
232 E State Street, Traverse City, MI 49684
Newly constructed commercial condo suited to retail or professional office operations.
Space Size2,849 SF
Days on Market103
Property Features for 232 E State Street
General Information
Standard status
Active
Size
2,849 SF
Net Rentable
2,849 SF
Zoning
Commercial
Space & Availability
Available Space
2,849 SF
Contiguous Space
2,849 SF
Space Use
Office
Building Details
Building Size
2,849 SF
Year Built
2025
Listing Agency:
Three West, LLC
(231) 534-5225
Listed By:
Kevin L Endres · License #6505352968
(231) 534-5225
Source:
Phgrealty
Added: May 12
Changed: Aug 20
Last Checked: Aug 22 at 1:01PM
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 Three West, LLC
Investment Insights
Based on property information with market context.
This 2,849-square-foot commercial condominium was constructed in 2025 and is positioned for retail or professional office occupancy. The property carries Commercial zoning and provides a flexible setting for businesses seeking a dedicated commercial space.
The space is located at 232 E State Street in downtown Traverse City, Michigan. Its central setting places the property within the city’s downtown commercial environment, while the address provides a defined location for customer-facing retail or office operations.
The space is located at 232 E State Street in downtown Traverse City, Michigan. Its central setting places the property within the city’s downtown commercial environment, while the address provides a defined location for customer-facing retail or office operations.
Key Highlights
- 2,849 SF commercial condominium
- Constructed in 2025
- Commercial zoning
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
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
Market
Lease Benchmarks for Traverse City, MI
$22.35 /SF/Yr
Avg Asking Price
$10–$37 /SF/Yr
Price Range
4,522 SF
Avg Space Size
This space is priced 2% below the average of $22.35 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newly constructed commercial condo suited to retail or professional office operations.
Where is this retail space located?
The property is located at 232 E State Street Traverse City, MI.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 2,849 SF commercial condominium; Constructed in 2025; Commercial zoning
