Remodeled Office Building with
For Sale
$2,400,000
522 E Front, Traverse City, MI 49686
C-4a-zoned property offers central air, on-site parking, and flexible office configurations.
Property Size6,584 SF
Price / SF$364.52
Days on Market322
Property Features for 522 E Front
General Information
Standard status
Active
Size
6,584 SF
Property subtype
Industrial
Zoning
C-4a
Additional Details
Road Access
Yes
Amenities
Central Air
3
133165
Building Details
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
(231) 492-5898
Listed By:
Coldwell Banker Schmidt Traverse City
(231) 492-5898
Source:
Xome
Added: Sep 18, 2025
Changed: Aug 2
Last Checked: Aug 5 at 4:13AM
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 remodeled office building includes a new roof, central air, a primary floor with substantial workspace, and additional offices on the lower level. The layout can accommodate either one office user or multiple users, providing flexibility within the existing configuration. The property was built in 1979 and has been updated for contemporary office occupancy.
Positioned at the eastern entrance to downtown Traverse City, the building has ingress and egress from Front Street and an on-site parking lot. C-4a zoning allows multiple commercial uses, supporting office operations and other permitted business applications.
Positioned at the eastern entrance to downtown Traverse City, the building has ingress and egress from Front Street and an on-site parking lot. C-4a zoning allows multiple commercial uses, supporting office operations and other permitted business applications.
Key Highlights
- Remodeled office building with a new roof
- On‑site parking lot
- C‑4a zoning for multiple commercial uses
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.6k | $16.80 |
| − Vacancy | −$16.6k | −$2.52 |
| EGI | $94.0k | $14.28 |
| − OpEx | −$23.5k | −$3.57 |
| NOI | $70.5k | $10.71 |
6,584 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.01M
$881.4K – $1.18M
NOI $70,515 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,119 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C-4a-zoned property offers central air, on-site parking, and flexible office configurations.
Where is this office building located?
The property is located at 522 E Front Traverse City, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Remodeled office building with a new roof; On‑site parking lot; C‑4a zoning for multiple commercial uses
