Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled 4-Plex with Flexible Use Title is generated by Realmo AI

    607 W Front St, Traverse City, MI 49684

    View on Map
    Claim this Listing
    New
    For Sale
    $1,700,000

    Fully remodeled 4-plex offers multiple unit configurations and flexible C-2 zoning for a variety of commercial and housing uses.

    Type:Investment
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 4:32 am

    Property Features for 607 W Front St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1895

    We can help!

    Listing Contact
    Nonkhane Nonnie Saycosie
    Nonkhane Nonnie Saycosie

    Listing agent Nonkhane Nonnie Saycosie License #6501436280

    Listing office Century 21 Signature Realty

    Listing date Jun 1, 2026

    Source Elliman

    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 Century 21 Signature Realty

    HighLights

    • 1895 Victorian fully remodeled in 2021, with full city approvals
    • 4‑plex at 607 W Front St in downtown Traverse City with C‑2 Commercial zoning
    • Unit mix: one 1 bed/1 bath, one 2 bed/1 bath, one upper 1 bed/1 bath, and one additional 1 bed/1 bath
    • Two units feature built‑in Murphy beds; all units include full‑size, pull‑out sofas
    • Connecting internal doors let you combine the building into one rental setup sleeping up to 24 people across 12 beds
    • C‑2 zoning allows vertical expansion up to 45 feet (buyers to verify development plans with local planning departments)

    Overview

    Built on a historic 1895 Victorian structure and fully remodeled in 2021, this property is configured as a 4-plex with four self-contained residential-style units. The unit mix includes one 1-bedroom/1-bath, one 2-bedroom/1-bath, one upper 1-bedroom/1-bath, and one additional 1-bedroom/1-bath. In addition to standard living accommodations, two units feature built-in Murphy beds, and all units include full-size pull-out sofas. Internal connecting doors allow the layout to function as a larger combined rental configuration for group stays.

    The property is located at 607 W Front St in Traverse City and is designated within a C-2 Commercial Zone. According to the provided information, buyers are advised to verify development specifics with local planning departments, including the stated possibility of vertical expansion up to 45 feet due to the site’s elevated layout.

    For tenants, buyers, or operators looking for a flexible setup, the combination of multiple unit configurations and the ability to consolidate the building can support both standard multi-unit occupancy and larger group-oriented rentals. The C-2 zoning also provides broader flexibility than typical residential-only use, and the property’s walkability and bike-friendliness are reflected in the supplied Walk Score and Bike Score.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6333643
    Latitude
    44.7637976

    Nearby Similar for Sale

    • $869,900
      5,632 SF

      Commercial Property with Office and Warehouse

      Two buildings: office and warehouse with secure fenced yard.
      820 Duell Road, Traverse City, MI 49686
      View Details
    • $675,000
      3,294 SF

      Traverse City Office Condominium

      Single-story office condominium in a wooded Traverse City office park.
      920 S Garfield Avenue, Traverse City, MI 49686
      View Details
    • $4,950,000
      54,000 SF

      Industrial Warehouse and Office Property

      Flex industrial-zoned site with multiple warehouse and office buildings plus dual access for owner-users and service operations.
      1500 Barlow Street, Traverse City, MI 49684
      View Details
    • $532,000
      2,800 SF

      To-Be-Built Aircraft Storage Hangars

      New insulated and heated hangar units at Cherry Capital Airport, offered as co-op shares with exclusive use rights.
      1218 Boon Street, Traverse City, MI 49686
      View Details
    • $532,000
      2,800 SF

      To-Be-Built Aviation Storage Hangar

      Heated, insulated hangar units with epoxy floors and LED lighting, available now as a co-op interest.
      1218 Boon Street, Traverse City, MI 49686
      View Details
    • $523,000
      2,800 SF

      Heated Hangar Storage Condo Units

      To-be-built, insulated hangar units with heated interior and epoxy floors for general aviation storage.
      1218 Boon Street, Traverse City, MI 49686
      View Details
    • $854,000
      2,849 SF

      Downtown Traverse City Retail/Office Condo

      New 2,849 SF commercial condo in Traverse City, MI.
      232 E State Street, Traverse City, MI 49684
      View Details
    • $799,000
      3,995 SF

      Adult Foster Care Assisted Living Facility

      Former adult foster care property offers barrier-free living spaces and fire-suppression/sprinklered safety features in a country setting.
      3205 Supply Road, Traverse City, MI 49686
      View Details
    • $799,000
      3,995 SF

      Adult Foster Care Facility Home

      Barrier-free adult foster care property with spacious indoor living areas and walkout basement for flexible residential use.
      3255 Mahoney Drive, Traverse City, MI 49686
      View Details
    • $498,000
      2,843 SF

      Modern Office Space in Traverse

      Spacious office in Traverse City with ample parking.
      10161 E Pickwick Court, Traverse City, MI 49684-1490
      View Details
    • $150,000
      727 SF

      Traverse City Office Condominium

      Single-story office condo with basement storage and ample parking.
      920 S Garfield Avenue, Traverse City, MI 49686
      View Details
    • $380,000
      3,352 SF

      Mixed-Use Building in Traverse City

      3,352 SF mixed-use building on 0.526 acres for sale.
      571 Blue Star, Traverse City, MI 49685
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully remodeled 4-plex offers multiple unit configurations and flexible C-2 zoning for a variety of commercial and housing uses.
    Where is this quadplex located?
    The property is located at 607 W Front St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 1895 Victorian fully remodeled in 2021, with full city approvals; 4‑plex at 607 W Front St in downtown Traverse City with C‑2 Commercial zoning; Unit mix: one 1 bed/1 bath, one 2 bed/1 bath, one upper 1 bed/1 bath, and one additional 1 bed/1 bath
    (989) 397-7346
    We can help!
    Listing Contact
    Nonkhane Nonnie Saycosie
    Nonkhane Nonnie Saycosie
    Real Estate License ID: 6501436280
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    607 W Front St, Traverse City, MI 49684
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!