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Class A Office Building
For Lease
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700 E Hammond Rd, Traverse City, MI 49686

Professional office space in East Bay Township available for lease.

Space Size3,192 SF
Property Size7,149 SF
Days on Market1029

Property Features for 700 E Hammond Rd

General Information

Standard status Active
Size 3,192 SF
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 7,149 SF
Year Built 2004
Tenancy Multiple

Spaces For Lease

at 700 E Hammond Rd Contact us

700 E Hammond Rd, Ste 400

Size
3,192 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Three West LLC
Listed By: Kevin Endres · License #MI 6505352968
Source: Crexi
Added: Nov 6, 2023 Changed: Aug 24 Last Checked: Aug 29 at 8:59PM

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 Three West LLC

Investment Insights

Based on property information with market context.

This Class A professional office building is located off Hammond Road in East Bay Township. It is situated in the Auto-Owners Insurance Regional HQ building, south of Downtown and the airport. The property features landscaping and ample parking. The lease rate is a modified gross rate, with the tenant responsible for rent plus a $2.05/SF utility charge.

Key Highlights

  • Class A professional office space.
  • Located in the Auto‑Owners Insurance Regional HQ building.
  • Ample parking for employees and clients.

Property Analytics

Current Use

Inspire Autism Medical Clinic Auto-Owners Insurance Traverse ... Financial Advisor

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Parts Store Storage Facility Pharmacy Garden Center

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby

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

Lease Benchmarks for Traverse City, MI

$19.33 /SF/Yr
Avg Asking Price
$14.93–$22 /SF/Yr
Price Range
9,737 SF
Avg Space Size

This space is priced 17% below the average of $19.33 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Professional office space in East Bay Township available for lease.
Where is this office building located?
The property is located at 700 E Hammond Rd Traverse City, MI.
What is the lease rate?
The lease rate is $15.95 SF/Yr.
What are key features of this property?
This property features: Class A professional office space.; Located in the Auto‑Owners Insurance Regional HQ building.; Ample parking for employees and clients.
(231) 929-2955 Call to check price and availability
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