Windowed
For Lease
$2,490/Mo CAM $450 /USD/YR
517 S Union Street, Traverse City, MI 49684
Commercial zoning, a customer-facing glass entrance, and basement storage are among the space’s practical features.
Space SizeContact for details
Property Size1,274 SF
Days on Market778
Property Features for 517 S Union Street
General Information
Standard status
Active
Size
1,274 SF
Total Parking Spaces
20
Zoning
Commercial
Additional Details
Space Use
Retail
CAM
$450 /YR
Amenities
Large Picture Windows
Glass Entry Door
Basement Storage
Building Details
Building Size
1,274 SF
Year Built
1900
Listing Agency:
Five Star Real Estate - Front St TC
Listed By:
Sam Abood · License #6504216686
(231) 778-1200
Source:
Centralmirealty
Added: Sep 20, 2024
Changed: Nov 4
Last Checked: Nov 4 at 2:24PM
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 Five Star Real Estate - Front St TC
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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 1,274-square-foot storefront at 517 S Union Street has large picture windows, a glass entry door, and some basement storage. The interior may be opened up or remodeled, and the property is zoned Commercial. The building dates to 1900.
The space is available for rent in Traverse City. Parking is provided in a shared lot behind the building. Tenants share property taxes, insurance, parking-lot costs, and trash expenses, and are responsible for utilities.
The space is available for rent in Traverse City. Parking is provided in a shared lot behind the building. Tenants share property taxes, insurance, parking-lot costs, and trash expenses, and are responsible for utilities.
Key Highlights
- 1,274‑square‑foot storefront
- Large picture windows for displays and signage
- Glass entry door
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.52 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,191
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 8%
Dining 6%
Apparel 6%
Speedway
Shops & Services
7,650 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,517 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.4 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.5 miles
Rocket Fizz
Groceries
2,403 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
Lease Benchmarks for Traverse City, MI
$16.57 /SF/Yr
Avg Asking Price
$12.57–$24 /SF/Yr
Price Range
8,797 SF
Avg Space Size
This space is priced 41% above the average of $16.57 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Native Roots Floral Design, LLC — 528 W Fourteenth St, Traverse City, MI 49684
- The Flower Station — 341 W Front St, Traverse City, MI 49684
- Mourning Wreaths — 617 e state st, traverse city, mi 49686
- Darling Botanical Company — 144 Hall St, Traverse City, MI 49684
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning, a customer-facing glass entrance, and basement storage are among the space’s practical features.
Where is this storefront property located?
The property is located at 517 S Union Street Traverse City, MI.
What is the lease rate?
The lease rate is $2,490/Mo.
What are key features of this property?
This property features: 1,274‑square‑foot storefront; Large picture windows for displays and signage; Glass entry door
