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Multi-Tenant Retail Space
New
For Lease
$24 SF/Yr Modified Gross

504 W Fourteenth Street, Traverse City, MI 49684

Modified Gross lease terms serve a space within an established retail complex.

Space Size1,325 SF
Days on Market4

Property Features for 504 W Fourteenth Street

General Information

Standard status Active
Size 1,325 SF
Net Rentable 1,325 SF
Property subtype Retail
Lease Type Modified Gross

Space & Availability

Available Space 1,325 SF
Contiguous Space 1,325 SF

Additional Details

Highway Access Yes

Building Details

Building Size 1,325 SF
Year Built 1984
Tenancy Multi
Listing Agency: Coldwell Banker Schmidt Traverse City
Listed By: Adam Miller · License #6501360074
Source: Themittengroup
Added: Sep 24 Changed: Sep 26 Last Checked: Sep 26 at 2:13PM

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 Coldwell Banker Schmidt Traverse City

Investment Insights

Based on property information with market context.

This 1,325-square-foot retail space is part of Hickory Corners, a multi-tenant commercial center built in 1984. The layout is identified as suitable for retail, office, or service uses, and the lease is structured as Modified Gross. Shared parking serves the center.

At 504 W Fourteenth Street in Traverse City, the property is minutes from downtown and offers access to US-31. The center fronts a well-traveled corridor.

Key Highlights

  • 1,325 SF of commercial space
  • Located within Hickory Corners, a multi‑tenant retail center
  • Modified Gross lease structure

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Storage Facility Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby
69k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 65% Dining 35%
Dollar Tree Shops & Services
9,895 visits/mo 0.2 miles
Wendy's Dining
9,236 visits/mo 0.4 miles
7-Eleven Shops & Services
7,779 visits/mo 0.1 miles
Speedway Shops & Services
7,650 visits/mo 0.4 miles
Huntington Bank Shops & Services
5,865 visits/mo 0.1 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

Lease Benchmarks for Traverse City, MI

$20.24 /SF/Yr
Avg Asking Price
$10–$32.26 /SF/Yr
Price Range
4,932 SF
Avg Space Size

This space is priced 19% above the average of $20.24 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Modified Gross lease terms serve a space within an established retail complex.
Where is this retail space located?
The property is located at 504 W Fourteenth Street Traverse City, MI.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 1,325 SF of commercial space; Located within Hickory Corners, a multi‑tenant retail center; Modified Gross lease structure
More about this property
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