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    Traverse City, MI NNN Properties for Sale

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    Tenant-Occupied Office Condo
    Updated: May 12
    Tenant-Occupied Office Condo

    232 E State Street, Traverse City, MI 49684

    $950,000
    2,270 sqft 0.16 AC lot
    2,270 SF tenant‑occupied commercial condo space in downtown Traverse City, MI
    Constructed in 2025 with steel construction and brick exterior
    Tenant has a 10‑year NNN lease that began in November 2025 with two renewal options
    Roof is membrane
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    Traverse City Retail Condominium
    Updated: Apr 24
    Traverse City Retail Condominium

    204 E Front St, Traverse City, MI 49684

    $924,000
    2,000 sqft
    Prime Front Street location in downtown Traverse City.
    Fully leased to a strong retail operator (Serendipity) on a new 5‑year NNN lease.
    Predictable, hands‑off cash flow with a true triple‑net lease structure.
    High CAP rate of 7.14%.
    Flexible C‑4B zoning allowing for a wide range of permitted uses.
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    Leased Retail Condo with Restroom
    Leased Retail Condo with Restroom

    204 E Front St, Traverse City, MI 49684

    $899,000
    2,000 sqft

    Single-tenant retail condominium with an open sales floor, fitting rooms, rear storage, and private restroom on Front Street.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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 Retail Condominium
    Single-Tenant Retail Condominium

    E 204 E Front Street Unit SourceFi, Traverse City, MI 49684

    $899,000
    2,000 sqft

    Fully leased single-tenant storefront with NNN structure, open sales floor, fitting rooms, rear storage, and private restroom.

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    Industrial Warehouse with Covered Dock
    Industrial Warehouse with Covered Dock

    2364 Traversefield Drive Unit SourceFi, Traverse City, MI 49686

    Contact for pricing
    47,625 sqft 5.40 AC lot

    42,000 SF clear-span warehouse on 5.40 acres, featuring covered loading with dock-height and drive-in access.

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    Freestanding KFC Net Lease
    Freestanding KFC Net Lease

    311 US Highway 31 S, Traverse City, MI 49685

    Contact for pricing
    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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    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.

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    Triple Net Restaurant Portfolio
    Triple Net Restaurant Portfolio

    1544 US-31, Traverse City, MI 49686

    Contact for pricing

    Three-unit restaurant portfolio offered on a master lease structure with NNN responsibilities and 7+ years remaining.

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    Pizza Hut NNN Leasehold
    Pizza Hut NNN Leasehold

    3050 N US Highway 31 S, Traverse City, MI 49684

    Contact for pricing

    For sale Pizza Hut property offered with an absolute net long-term lease and zero landlord responsibilities.

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    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.

    Triple-Net Multi-Unit Commercial Building
    Triple-Net Multi-Unit Commercial Building

    N 2655 N Meridian Road Unit SourceFi, Sanford, MI 48657

    $725,000
    10,064 sqft

    Triple net leased 8-unit building with seven occupied units, directly across from McDonald's for strong visibility.

    View details
    New Dollar General Plus Store
    New Dollar General Plus Store

    10464 Old US Hwy 27 S, Gaylord, MI 49735

    Contact for pricing
    10,640 sqft

    New Dollar General Plus store in Gaylord, Michigan.

    View details
    Triple Net Multi-Unit Retail Building
    Triple Net Multi-Unit Retail Building

    Sanford, MI 48657

    $725,000

    Eight-unit triple net retail building with 7 units occupied, positioned across from McDonald's with straightforward highway access.

    View details
    Multi-Tenant Retail Strip Center
    Multi-Tenant Retail Strip Center

    1384 W Main St., Gaylord, MI 49735

    Contact for pricing

    Nearly-new multi-tenant retail strip center with triple-net tenants and adjacent Panera Bread and ALDI.

    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 70,307 square feet of properties for sale, with an estimated market value of $4,622,000.

    Sale prices for triple net lease properties in Traverse City, MI start at $899,000, averaging $924,400, and reaching up to $950,000 — 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
    49684 $924.4K

    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

    Office

    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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    Most Searched ZIP Codes in Traverse City, MI

    • 49684
    • 49685
    • 49686

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