Renovated Flex
For Lease
$24 SF/Yr
707 Parsons Road, Traverse City, MI 49686
Commercial, Traverse City, MI
Space SizeContact for details
Days on Market182
Property Features for 707 Parsons Road
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Brick
Lot features
Freestanding
Directions
Located on Parsons Rd
Subdivision
Grand Traverse
Standard status
Active
Size
5,475 SF
Taxes and HOA fees
Tax Description
PART OF THE NE 1/4 OF THE SE 1/4 OF SEC 12, T27N, R11W, CITY OF TC, MORE FULLY DESCRIBED AS: COMM AT THE E 1/4 COR OF SAID SEC 12; TH ALONG THE S LINE OF THE PLAT OF "WESTMINSTER WOODS", N89 degrees 56'20"W, 464.34 FT TO THE POB; TH CONTINUING ALONG THE SAME LINE
Legal Description
PART OF THE NE 1/4 OF THE SE 1/4 OF SEC 12, T27N, R11W, CITY OF TC, MORE FULLY DESCRIBED AS: COMM AT THE E 1/4 COR OF SAID SEC 12; TH ALONG THE S LINE OF THE PLAT OF "WESTMINSTER WOODS", N89 degrees 56'20"W, 464.34 FT TO THE POB; TH CONTINUING ALONG THE SAME LINE
Amenities
on-site parking
flexible configuration
Building Details
Building materials
Steel
Roof type
Metal
Listing Agency:
Manitou Commercial Real Estate, LLC
(231) 632-9596
Listed By:
Kevin Query · License #6502433236
(231) 929-2955
Added: Apr 4
Changed: Sep 7
Last Checked: Oct 2 at 4:06AM
MLS# 1943506
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,475-square-foot flex space combines a practical commercial layout with renovated interior and exterior elements. Clean contemporary finishes and a configuration suited to multiple business formats support uses including fitness, wellness, showroom, retail, office, and service operations. The property offers a more finished presentation than a conventional industrial setting while retaining flex-space adaptability.
Located at 707 Parsons Road in Traverse City, the property includes an on-site parking lot. Brick exterior construction, a steel structural system, and a metal roof complete the building’s physical profile.
Located at 707 Parsons Road in Traverse City, the property includes an on-site parking lot. Brick exterior construction, a steel structural system, and a metal roof complete the building’s physical profile.
Key Highlights
- 5,475‑square‑foot renovated flex space
- Interior and exterior updates with contemporary finishes
- Layout supports fitness, wellness, showroom, retail, office, and service uses
Property Analytics
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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
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Market
Lease Benchmarks for Traverse City, MI
$13.3 /SF/Yr
Avg Asking Price
$8.34–$35 /SF/Yr
Price Range
5,279 SF
Avg Space Size
This space is priced 80% above the average of $13.3 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Updated finishes and an adaptable layout support fitness, retail, office, showroom, wellness, and service uses.
Where is this flex space located?
The property is located at 707 Parsons Road 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 renovated flex space; Interior and exterior updates with contemporary finishes; Layout supports fitness, wellness, showroom, retail, office, and service uses
