Downtown Retail
For Lease
$22 SF/Yr
232 E State Street, Traverse City, MI 49684
Commercial, Traverse City, MI
Space Size2,034 SF
Lot Size0.16 Acres
Days on Market149
Property Features for 232 E State Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Commercial
Exterior features
Brick
Lot features
Inside Lot
Directions
South side of E State St between Cass St and Park St.
Subdivision
Grand Traverse
Standard status
Active
Size
2,034 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Part of UNIT 92 - BOARDWALK CONDO GTC CONDO SUB PLAN NO 517 2023C-00057 MASTER DEED FILED DECEMBER 12, 2023. SPLIT/COMBINED ON 12/15/2023 FROM 28-51-794-088-00 CREATING CHILDREN 28-51-164-000-00 THRU 28-51-164-092-00;
Legal Description
Part of UNIT 92 - BOARDWALK CONDO GTC CONDO SUB PLAN NO 517 2023C-00057 MASTER DEED FILED DECEMBER 12, 2023. SPLIT/COMBINED ON 12/15/2023 FROM 28-51-794-088-00 CREATING CHILDREN 28-51-164-000-00 THRU 28-51-164-092-00;
Building Details
Building materials
Steel, Under Construction
Roof type
Membrane
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
Kevin Endres · License #6505352968
(231) 534-5225
Added: May 12
Changed: Sep 1
Last Checked: Oct 7 at 12:06PM
MLS# 1945009
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,034-square-foot commercial condominium at 232 E State Street provides an adaptable setting for retail or professional office use. The property includes brick exterior elements, steel construction materials, and a membrane roof.
Located in downtown Traverse City, the space is positioned within the 49684 postal area and Grand Traverse County. The parcel encompasses 0.16 acres, offering a compact commercial footprint for an occupant seeking a centrally located retail or office setting.
Located in downtown Traverse City, the space is positioned within the 49684 postal area and Grand Traverse County. The parcel encompasses 0.16 acres, offering a compact commercial footprint for an occupant seeking a centrally located retail or office setting.
Key Highlights
- 2,034 SF commercial condominium
- Retail or professional office use
- Downtown Traverse City location
Property Analytics
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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
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Market
Lease Benchmarks for Traverse City, MI
$20.3 /SF/Yr
Avg Asking Price
$10–$32.26 /SF/Yr
Price Range
4,808 SF
Avg Space Size
This space is priced 8% above the average of $20.3 /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 - Commercial condominium configured for retail or professional office use.
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: 2,034 SF commercial condominium; Retail or professional office use; Downtown Traverse City location
