Class A Office Building
For Lease
Contact for pricing
130 S Union St, Traverse City, MI 49684
Professional office space for sublease in Traverse City's CBD.
Space Size5,000 SF
Property Size15,540 SF
Days on Market1610
Property Features for 130 S Union St
General Information
Standard status
Active
Size
5,000 SF
Class
B
Property subtype
Office
Lease Type
NNN
Building Details
Building Size
15,540 SF
Year Built
2007
Tenancy
Multiple
Spaces For Lease
at 130 S Union St Contact us- Size
- 5,000 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
130 S Union St, One Floor
- Size
- 5,000 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
130 S Union St, 1st Floor
Listing Agency:
Three West LLC
(231) 929-2955
Listed By:
Kevin Endres · License #MI 6505352968
Source:
Crexi
Added: Apr 5, 2022
Changed: Aug 28
Last Checked: Aug 31 at 1:37AM
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 situated in the Central Business District of Traverse City, Michigan, a few blocks from Lake Michigan. The 15,540 square-foot building features three floors, each equipped with private offices, large open workspace areas, a boardroom, conference rooms, kitchenettes, and restrooms. It occupies a prominent location on the northwest corner of Union Street and State Street. Parking options include public on-street parking and city surface lot permit parking. The offering consists of either the second or third floor available for NNN sublease through February 29, 2028. The tenant is responsible for all utilities, payable directly to the utility companies. The estimated NNN expenses are $7.36 per square foot.
Key Highlights
- Class A professional office space in Traverse City's Central Business District.
- Choice of floor 2 or 3 available for sublease through 2/29/2028.
- Located just blocks from Lake Michigan.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office space for sublease in Traverse City's CBD.
Where is this office building located?
The property is located at 130 S Union St Traverse City, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Class A professional office space in Traverse City's Central Business District.; Choice of floor 2 or 3 available for sublease through 2/29/2028.; Located just blocks from Lake Michigan.
