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    Traverse City, MI NNN Properties for Sale

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    Four-Tenant NNN Commercial Property
    Updated: Aug 24
    Four-Tenant NNN Commercial Property

    2751 N US-31 S, Traverse City, MI 49684

    $2,390,000
    13,550 sqft 1.28 AC lot
    13,550‑square‑foot commercial property on 1.28 acres
    Fully occupied by four tenants
    True triple‑net leases with annual rent increases
    Located on US‑31 in Garfield Township
    Adjacent to Red Lobster and across from Chick‑fil‑A
    View details
    Stand-Alone NNN Storefront
    Updated: Sep 11
    Stand-Alone NNN Storefront

    3301 W S Airport Road, Traverse City, MI 49684

    $1,200,000
    4,992 sqft 0.95 AC lot
    Across from a Grand Traverse Mall entrance
    0.95‑acre site in Traverse City
    100% occupancy maintained for 20+ years
    NNN leases with CAM adjustable based on expenses
    Reported 8% cap rate
    View details
    Burger King Drive-Through Restaurant
    Burger King Drive-Through Restaurant

    2500 Crossing Circle, Traverse City, MI 49684

    $2,000,000
    3,618 sqft 1.36 AC lot

    Single-tenant restaurant with a new long-term NNN lease and dedicated parking lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    NNN Retail Property with Two Units
    NNN Retail Property with Two Units

    Traverse City, MI 49684

    $1,200,000
    5,000 sqft

    Stand-alone commercial property across from a Grand Traverse Mall entrance, surrounded by national tenants and ongoing development.

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    NNN Commercial Condo
    NNN Commercial Condo

    232 E State Street, Traverse City, MI 49684

    $950,000
    2,270 sqft 0.16 AC lot

    Tenant-occupied space carries a 10-year NNN lease with two renewal options.

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    NNN Multi-Tenant Commercial Property
    NNN Multi-Tenant Commercial Property

    Traverse City, MI 49684

    $2,390,000
    13,550 sqft

    Fully occupied commercial asset with four tenants and triple-net lease structures along US-31.

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    Freestanding KFC Net Lease
    Freestanding KFC Net Lease

    311 US Hwy 31 S, Traverse City, MI 49685

    $1,193,292
    3,179 sqft 1.96 AC lot

    Freestanding KFC on a 1.96-acre parcel along US-31, secured by a 20-year triple net lease.

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    Tenant-Occupied Commercial Condo
    Tenant-Occupied Commercial Condo

    A-232 E State St, Traverse City, MI 49684

    $950,000
    2,270 sqft

    Newly constructed 2,270 SF commercial condo is tenant occupied under a 10-year NNN lease.

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    Single-Tenant Burger King NNN Property
    Single-Tenant Burger King NNN Property

    2500 Crossing Circle, Traverse City, MI 49684

    $2,000,000

    Restaurant property supported by a new triple-net lease at closing.

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    Pet Supplies Plus Outlot
    Pet Supplies Plus Outlot

    3180 W South Airport Rd, Traverse City, MI 49684

    Contact for pricing
    8,963 sqft

    Retail outlot on premier retail corridor near Grand Traverse Mall.

    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Dollar General Investment Opportunity
    Dollar General Investment Opportunity

    2257 Sunnyside Dr, Cadillac, MI 49601

    Contact for pricing
    9,100 sqft

    Single-tenant Dollar General in Cadillac, MI with long-term lease.

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    Freestanding NNN Property with Drive-Through
    Freestanding NNN Property with Drive-Through

    1290 W Main St, Gaylord, MI 49735

    $3,570,000

    Pharmacy facility leased under an absolute NNN structure.

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    Drive-Through Restaurant Property
    Drive-Through Restaurant Property

    1354 West Main Street, Gaylord, MI 49735

    Contact for pricing

    New construction with high-capacity drive-through infrastructure and a corporate ground lease.

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    Bojangles NNN Property
    Bojangles NNN Property

    1770 North Mitchell Street, Cadillac, MI 49601

    Contact for pricing

    Bojangles location supported by a long-term triple-net lease.

    View details

    Traverse City, MI Nnn Properties Market Trends and Statistics

    Explore 10 nnn properties for sale in Traverse City, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 57,392 square feet of properties for sale, with an estimated market value of $14,273,292.

    Sale prices for triple net lease properties in Traverse City, MI start at $950,000, averaging $1,585,921, and reaching up to $2,390,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49685 $1.2M
    49684 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

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    Popular Searches in Traverse City, MI

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    Most Searched ZIP Codes in Traverse City, MI

    • 49684
    • 49685

    Featured Traverse City Real Estate Agencies

    Realmo connects you with licensed Traverse City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Re/max Bayshore Properties
    500 South Union St. Traverse City, MI 49684
    Phone: 12319415600
    Keller Williams Northern Michigan
    830 E. Front Street, Suite 110 Traverse City, MI
    Phone: 12319478200

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