Mixed-Use Condo for Retail or
For Lease
$22 SF/Yr
232 E State Street, Traverse City, MI 49684
Commercial-zoned space in downtown Traverse City is suited to retail or professional office use.
Space Size2,849 SF
Days on Market179
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
Building Details
Building Size
2,034 SF
Year Built
2025
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
Kevin L Endres · License #6505352968
(231) 534-5225
Source:
Housewant
Added: May 12
Changed: Nov 5
Last Checked: Nov 4 at 7:47AM
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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Investment Insights
Based on property information with market context.
This commercial condominium in downtown Traverse City contains 2,849 square feet and was built in 2025. Its stated use options are retail and professional office, with Commercial zoning.
The property is at 232 E State Street in Traverse City, Michigan.
The property is at 232 E State Street in Traverse City, Michigan.
Key Highlights
- 2,849‑square‑foot commercial condominium
- Built in 2025
- Commercial zoning
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial-zoned space in downtown Traverse City is suited to retail or professional office use.
Where is this mixed-use property 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‑square‑foot commercial condominium; Built in 2025; Commercial zoning
