Traverse City, MI Parking Lots & Garages for Sale

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Updated: Feb 2

Downtown Office Building and Parking Lot

W 116 W Front Street Unit SourceFi, Traverse City, MI 49684

$4,800,000

28,928 sqft

Office building at 116 W. Front Street in downtown Traverse City
Dedicated parking lot across the street at 119 W. Front Street
Central air cooling
Heated sidewalk system along Front Street via a dedicated boiler system
Year built: 1941

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This listing looks promising.

Here's a quick look at some key insights for

W 116 W Front Street Unit SourceFi, Traverse City, MI 49684

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$310K
Annual
Price @ 7% Cap

$4.43M
Suggested

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Updated: Feb 2

Mixed-Use Building with Dedicated Parking

116 Front Street, Traverse City, MI 49684

$4,800,000

28,928 sqft

Commercial building at 116 Front Street paired with parking at 119 W. Front Street
28,928 property size
Paved parking lot with asphalt surface and on‑street parking
Dedicated boiler system for heated sidewalks along Front Street
Central air and membrane roof

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Iconic Office Building with Parking

522 E Front, Traverse City, MI 49686

$2,950,000

0.53 AC lot

Remodeled office building with parking and development potential.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 3 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Climate-Controlled Warehouse Garages

1205 Auto Avenue, Harbor Springs, MI 49740

$1,225,000

4,320 sqft

Gated commercial garage property with radiant heat, restrooms, paved circulation, and irrigated outdoor space.

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Climate-Controlled Garage Storage Community

1217 A Auto Avenue, Harbor Springs, MI 49740

$575,000

2,160 sqft

Gated garage-style storage with climate control, restrooms, irrigated green space, and wide paved access for trailers and car haulers.

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Income Producing Parking Lot

0 Plaza Dr, West Branch, MI 48661

$75,000

1.97 AC lot

Redone parking lot with signage in Plaza East shopping center.

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Resurfaced Parking Lot with Signage

Plaza Drive, West Branch, MI 48661

$75,000

1.97 AC lot

Recently improved parking asset serving the north end of a shopping center and featuring a prominent roadside sign.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Mancelona Land Development Opportunity

US-131 Highway, Mancelona, MI 49659

$139,900

9.90 AC lot

9.9 acre commercial land near Torch Lake with highway frontage.

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Off-Market Properties in Traverse City, MI

Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

PARKING GARAGE, PARKING STRUCTURE

1710 Us Hwy 31st N, Traverse City, MI 49686-3744

Value Estimation by Request

1,320 sqft 4.55 AC lot

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PARKING GARAGE, PARKING STRUCTURE

303 State St, Traverse City, MI 49684-5750

$385,000

Estimated value

142,000 sqft 1.28 AC lot

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PARKING GARAGE, PARKING STRUCTURE

225 State St, Traverse City, MI 49684-2514

$205,000

Estimated value

840 sqft 0.02 AC lot

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PARKING GARAGE, PARKING STRUCTURE

333 Stadium Dr, Traverse City, MI 49685-9749

$4,575,000

Estimated value

800 sqft 25.60 AC lot

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PARKING GARAGE, PARKING STRUCTURE

3875 Rnch Rudolf Rd, Traverse City, MI 49696

$250,000

Estimated value

676 sqft

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PARKING GARAGE, PARKING STRUCTURE

4104 Mnr Wood S Dr, Traverse City, MI 49685-8768

$385,000

Estimated value

6,400 sqft 0.91 AC lot

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PARKING GARAGE, PARKING STRUCTURE

155 Garland St, Traverse City, MI 49684-2286

Value Estimation by Request

21,312 sqft 1.74 AC lot

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PARKING GARAGE, PARKING STRUCTURE

6410 Ctr Rd, Traverse City, MI 49686-1880

$440,000

Estimated value

5,120 sqft 0.70 AC lot

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PARKING GARAGE, PARKING STRUCTURE

1915 Cass Rd, Traverse City, MI 49685-8847

Value Estimation by Request

13,411 sqft 9.58 AC lot

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PARKING GARAGE, PARKING STRUCTURE

1037 8th St, Traverse City, MI 49686-2761

$245,000

Estimated value

940 sqft 0.13 AC lot

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PARKING GARAGE, PARKING STRUCTURE

125 8th St, Traverse City, MI 49684-2523

Value Estimation by Request

186,482 sqft 1.43 AC lot

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PARKING GARAGE, PARKING STRUCTURE

3251 5th Mile Rd, Traverse City, MI 49686-8467

$355,000

Estimated value

884 sqft 87.10 AC lot

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Traverse City, MI Parking Lots & Garages Market Trends and Statistics

Explore 15 parking lots & garages for sale in Traverse City, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 57,856 square feet of properties for sale, with an estimated market value of $12,550,000.

Sale prices for parking garages in Traverse City, MI start at $2,950,000, averaging $4,183,333, and reaching up to $4,800,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
49686	$3M
49684	$4.8M

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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