Renovated Flex Space with
For Lease
$24 SF/Yr
707 Parsons Road, Traverse City, MI 49686
COMMERCIAL - Traverse City, MI
Space SizeContact for details
Days on Market132
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
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) 632-9596
Added: Apr 4
Changed: Aug 4
Last Checked: Aug 13 at 12:06PM
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 renovated flex space is designed for a variety of commercial uses, with clean, modern finishes and a functional interior layout. The property’s recent updates include both interior and exterior improvements intended to create a polished tenant presentation.
The space is located in-town at 707 Parsons Road in Traverse City and is supported by on-site parking. Its flexible configuration makes it suitable for businesses looking for a space that can adapt to different operational needs.
The building is best suited for tenants seeking a contemporary flex environment that can serve as fitness, wellness, showroom, retail, office, service, or other adaptive commercial uses.
The space is located in-town at 707 Parsons Road in Traverse City and is supported by on-site parking. Its flexible configuration makes it suitable for businesses looking for a space that can adapt to different operational needs.
The building is best suited for tenants seeking a contemporary flex environment that can serve as fitness, wellness, showroom, retail, office, service, or other adaptive commercial uses.
Key Highlights
- Renovated flex commercial space suitable for fitness, wellness, showroom, retail, office, service, or other adaptive uses
- Modern interior and exterior updates for a polished presentation
- Steel construction with brick exterior
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
530
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
$11.55 /SF/Yr
Avg Asking Price
$8.34–$24 /SF/Yr
Price Range
7,477 SF
Avg Space Size
This space is priced 108% above the average of $11.55 /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 - Renovated flex space offering a functional layout and on-site parking for a range of adaptive commercial 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: Renovated flex commercial space suitable for fitness, wellness, showroom, retail, office, service, or other adaptive uses; Modern interior and exterior updates for a polished presentation; Steel construction with brick exterior
