Retail
For Lease
$22 SF/Yr
232 E State Street # C, Traverse City, MI 49684
The commercial condominium can accommodate retail or professional office use.
Space Size2,849 SF
Days on Market170
Property Features for 232 E State Street # C
General Information
Standard status
Active
Size
2,849 SF
Net Rentable
2,849 SF
Property subtype
Retail
Space & Availability
Available Space
2,849 SF
Contiguous Space
2,849 SF
Building Details
Building Size
2,849 SF
Year Built
2025
Listing Agency:
Three West, LLC
Listed By:
Kevin Endres · License #6505352968
(231) 534-5225
Source:
Traversecityrealestate
Added: May 12
Changed: Oct 26
Last Checked: Oct 26 at 3:52PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,849-square-foot commercial condominium was constructed in 2025. The space is suited to retail or professional office use.
Key Highlights
- 2,849‑square‑foot commercial condominium
- Constructed in 2025
- Retail or professional office use
Property Analytics
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
40k
Monthly Visits Nearby
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
Lease Benchmarks for Traverse City, MI
$19.69 /SF/Yr
Avg Asking Price
$10–$28 /SF/Yr
Price Range
5,059 SF
Avg Space Size
This space is priced 12% above the average of $19.69 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The commercial condominium can accommodate retail or professional office use.
Where is this retail space located?
The property is located at 232 E State Street # C 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‑square‑foot commercial condominium; Constructed in 2025; Retail or professional office use
