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Second-Floor Office Suite
For Lease
$28 SF/Yr Modified Gross

Traverse City, MI 49684, Traverse City, MI 49684

Commercial, Traverse City, MI

Space Size3,690 SF
Days on Market825

Property Features

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Office
Parking features Garage
Lot features Office Center
Subdivision Grand Traverse
Standard status Active
Size 2,590 SF

Amenities

ample parking
optional reserved covered parking
street parking
24hr electronic security
exterior building signage
lobby with mahogany trim, chandeliers, and granite floors

Building Details

Building materials Brick
Listing Agency: G.A. Snowden Associates
Listed By: Gerald Snowden · License #6502118151
Added: Jul 10, 2024 Changed: Oct 8 Last Checked: Oct 12 at 5:06AM
MLS# 1924513

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 second-floor office suite has five private offices alongside a large open area, kitchen, and lobby. The current configuration provides 2,590 rentable square feet, with the option to reduce the suite or expand it to 3,690 rentable square feet. The building is brick and includes 24-hour electronic security. The modified gross lease covers operating expenses other than electricity; short-term subletting or a long-term lease directly from the landlord are available options.

The property is in downtown Traverse City, near dining, banks, the courthouse, and Park Place Hotel. Street parking is steps from the entrance, and reserved covered parking may be available in the adjacent public parking deck. Views extend toward Front Street and West Bay.

Key Highlights

  • 2,590 rentable square feet, with expansion available to 3,690 rentable square feet
  • Five private offices, a large open area, kitchen, and lobby
  • Modified gross lease includes operating expenses except electricity

Property Analytics

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Open Analytics

Current Use

Office Units

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

22
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Traverse City, MI

$23.24 /SF/Yr
Avg Asking Price
$9–$56.57 /SF/Yr
Price Range
3,267 SF
Avg Space Size

This space is priced 20% above the average of $23.24 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - A private-office layout combines with an open work area, kitchen, and lobby for varied workspace needs.
Where is this office units located?
The property is located at Traverse City, MI.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 2,590 rentable square feet, with expansion available to 3,690 rentable square feet; Five private offices, a large open area, kitchen, and lobby; Modified gross lease includes operating expenses except electricity
More about this property
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