424 Front St Traverse City, MI 49686
This exceptional commercial property, located at 424 E Front Street in Traverse City, Michigan, presents a unique investment opportunity. The 2,538 square foot building, constructed in 1936 and renovated in 2017, sits on a 0.18-acre lot and boasts 20 parking spaces. Currently configured as an office space, the building features two conference rooms, an ADA-accessible half bathroom, a kitchenette, a sizable reception/waiting area, and seven individual offices—three of which offer stunning water views. A substantial basement provides ample storage. The property benefits from high visibility on East Front Street, between Boardman Avenue and Wellington Street, with over 5,000 vehicles passing daily. Its proximity to Bubbas Restaurant and the river ensures high foot traffic. The building's versatile layout and dual addresses/frontages offer numerous redevelopment possibilities. The current commercial zoning permits up to four stories, allowing for significant expansion and future development potential. Enjoy unobstructed views of West Bay. The asking price is $1,450,000 ($571.32 per square foot). Further zoning information can be found at www.traversecitymi.gov/government/city-departments/planning-and-zoning/. Showings are by appointment only. The property is for sale only
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.