Tenant-Occupied Commercial
For Sale
$950,000
A-232 E State St, Traverse City, MI 49684
Newly constructed 2,270 SF commercial condo is tenant occupied under a 10-year NNN lease.
Property Size2,270 SF
Price / SF$418.50
Days on Market117
Property Features for A-232 E State St
General Information
Standard status
Active
Size
2,270 SF
Occupancy
100%
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
Three West, LLC
Listed By:
Kevin Endres · License #6505352968
(231) 929-2955
Source:
Exprealty
Added: May 12
Changed: Aug 31
Last Checked: Sep 4 at 1:14PM
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 tenant-occupied commercial condo comprises 2,270 square feet and was constructed in 2025. The space is currently leased under a 10-year NNN lease that began in November 2025, with two options for renewal.
The property is presented as a downtown investment opportunity in Traverse City, Michigan. Financial information is available with a signed NDA and proof of funds.
The property is presented as a downtown investment opportunity in Traverse City, Michigan. Financial information is available with a signed NDA and proof of funds.
Key Highlights
- Newly constructed 2,270 SF tenant‑occupied commercial condo in downtown Traverse City, MI
- Tenant occupied under a 10‑year NNN lease that began in November 2025
- Lease includes two renewal options
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,080
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed 2,270 SF commercial condo is tenant occupied under a 10-year NNN lease.
Where is this nnn property located?
The property is located at A-232 E State St Traverse City, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Newly constructed 2,270 SF tenant‑occupied commercial condo in downtown Traverse City, MI; Tenant occupied under a 10‑year NNN lease that began in November 2025; Lease includes two renewal options
