Renovated Flex
For Lease
$24 SF/Yr
707 Parsons Rd, Traverse City, MI 49686
Updated commercial space with on-site parking and a configurable layout for retail, office, service, or showroom use.
Space SizeContact for details
Days on Market147
Property Features for 707 Parsons Rd
General Information
Standard status
Active
Additional Details
Space Use
Flex
Amenities
on site parking
Listing Agency:
Manitou Commercial Real Estate, LLC
(231) 632-9596
Listed By:
Kevin Query · License #6502433236
(231) 632-9596
Source:
Exprealty
Added: Apr 6
Changed: Aug 29
Last Checked: Aug 29 at 6:12PM
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 Manitou Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 5,475-square-foot flex space at 707 Parsons Rd combines a recently renovated interior and exterior with a practical, adaptable configuration. Modern finishes give the property a polished commercial presentation, while the layout can support a range of business formats, including fitness, wellness, showroom, retail, office, and service uses.
The property is situated in Traverse City in an in-town setting described as highly accessible. On-site parking adds convenience for occupants and visitors. Its blend of updated finishes, flexible planning, and commercial functionality provides an alternative to conventional industrial space or older retail configurations.
The property is situated in Traverse City in an in-town setting described as highly accessible. On-site parking adds convenience for occupants and visitors. Its blend of updated finishes, flexible planning, and commercial functionality provides an alternative to conventional industrial space or older retail configurations.
Key Highlights
- 5,475‑square‑foot flex space at 707 Parsons Rd
- Renovated interior and exterior
- Modern commercial finishes
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Balanced
Demand for This Use
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
Lease Benchmarks for Traverse City, MI
$11.16 /SF/Yr
Avg Asking Price
$8.25–$24 /SF/Yr
Price Range
8,195 SF
Avg Space Size
This space is priced 115% above the average of $11.16 /SF/Yr.
Vacancy Rate% for Industrial 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?
Flex space - Updated commercial space with on-site parking and a configurable layout for retail, office, service, or showroom use.
Where is this flex space located?
The property is located at 707 Parsons Rd 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: 5,475‑square‑foot flex space at 707 Parsons Rd; Renovated interior and exterior; Modern commercial finishes
