Retail Suite with Utility
For Lease
$1,445/Mo Modified Gross
743 Woodmere Avenue, Traverse City, MI 49686
A modified gross lease places utilities, connectivity, waste removal, and liability coverage with the tenant.
Space SizeContact for details
Property Size1,020 SF
Days on Market703
Property Features for 743 Woodmere Avenue
General Information
Standard status
Active
Size
1,020 SF
Total Parking Spaces
40
Zoning
Office, Retail, Commercial
Lease Type
Modified Gross
Additional Details
Available From
Immediate
Lease Term
36 months
Amenities
single bathroom
utility area
washer/dryer hookup
Building Details
Building Size
1,020 SF
Year Built
1991
Tenancy
Multi
Listing Agency:
Serbin Real Estate
Listed By:
Robert Serbin · License #6502352434
(231) 334-2758
Source:
Centralmirealty
Added: Dec 4, 2024
Changed: Nov 4
Last Checked: Nov 4 at 2:25PM
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 Serbin Real Estate
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Investment Insights
Based on property information with market context.
This vacant 1,020-square-foot retail suite in Woodmere Commons was built in 1991. The space has one bathroom and a utility area with a sink and connections for an electric stack washer-dryer. It is zoned for office, retail, and commercial use, and on-site parking is available. A prior salon and craft-store setup has given way to an open opportunity for a new occupant to configure the space.
At 743 Woodmere Avenue, the property is south of 8th Street and the Traverse Area District Library. Other businesses at Woodmere Commons include TC Tennis and Pickleball and Lost Art Yarn Shop. The lease is modified gross, with the tenant paying utilities, cable or internet, trash service, and liability insurance; the landlord covers association fees, snow removal, lawn care, common-area maintenance, and building insurance. A three-year term is desired, with an option to renew for an additional term.
At 743 Woodmere Avenue, the property is south of 8th Street and the Traverse Area District Library. Other businesses at Woodmere Commons include TC Tennis and Pickleball and Lost Art Yarn Shop. The lease is modified gross, with the tenant paying utilities, cable or internet, trash service, and liability insurance; the landlord covers association fees, snow removal, lawn care, common-area maintenance, and building insurance. A three-year term is desired, with an option to renew for an additional term.
Key Highlights
- 1,020 square feet with one bathroom and a utility area
- Sink and electric stack washer‑dryer connections in the utility area
- On‑site parking at Woodmere Commons
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
4,298 visits/mo
0.5 miles
Safelite AutoGlass
Shops & Services
217 visits/mo
0.1 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Traverse City, MI
$20.82 /SF/Yr
Avg Asking Price
$9.23–$38.89 /SF/Yr
Price Range
3,767 SF
Avg Space Size
This space is priced 18% below the average of $20.82 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A modified gross lease places utilities, connectivity, waste removal, and liability coverage with the tenant.
Where is this retail space located?
The property is located at 743 Woodmere Avenue Traverse City, MI.
What is the lease rate?
The lease rate is $1,445/Mo.
What are key features of this property?
This property features: 1,020 square feet with one bathroom and a utility area; Sink and electric stack washer‑dryer connections in the utility area; On‑site parking at Woodmere Commons
