Downtown Restaurant Space with
For Lease
$26 SF/Yr
303 E State Street, Traverse City, MI 49686
State Street frontage, shared restroom access, and optional restaurant equipment support food-service or retail occupancy.
Space Size1,892 SF
Property Size2,090 SF
Days on Market852
Property Features for 303 E State Street
General Information
Standard status
Active
Size
1,892 SF
Net Rentable
1,892 SF
Zoning
Retail, Commercial, Restaurant/Food
Space & Availability
Available Space
1,892 SF
Contiguous Space
1,892 SF
Space Use
Restaurant
Additional Details
Utilities to Site
Yes
Equipment Included
Yes
Building Details
Building Size
2,090 SF
Year Built
2002
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron · License #6502102202
(989) 621-8972
Source:
Centralmirealty
Added: Jul 8, 2024
Changed: Nov 4
Last Checked: Nov 4 at 2:19PM
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 CENTRAL REAL ESTATE MT PLEASANT, INC.
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Investment Insights
Based on property information with market context.
The restaurant and retail premises at 303 E State Street comprise approximately 1,892 square feet, with an additional 198-square-foot storage unit in the Hardy Parking Deck building. Existing restaurant equipment is available to the incoming tenant. The property was built in 2002 and is zoned for retail, commercial, and restaurant/food uses.
Frontage along State Street places the space within downtown Traverse City. The building includes a parking deck, and shops and restaurants are nearby. Restrooms are shared; the tenant is responsible for all utilities and a portion of janitorial expenses.
Frontage along State Street places the space within downtown Traverse City. The building includes a parking deck, and shops and restaurants are nearby. Restrooms are shared; the tenant is responsible for all utilities and a portion of janitorial expenses.
Key Highlights
- Approximately 1,892 SF of restaurant/retail space
- Separate 198 SF storage unit within the parking deck building
- State Street frontage in downtown Traverse City
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
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 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - State Street frontage, shared restroom access, and optional restaurant equipment support food-service or retail occupancy.
Where is this conventional restaurant located?
The property is located at 303 E State Street Traverse City, MI.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Approximately 1,892 SF of restaurant/retail space; Separate 198 SF storage unit within the parking deck building; State Street frontage in downtown Traverse City
