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Property profile & analytics
OFF-MARKET
Office Spaces

424 Front St Traverse City, MI 49686

2,538 SF 0.18 ac lot Built 1936
Property ID
Property summary
AI-generated overview

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

Property profile
Verified
Property type Office Spaces
Year built 1936
Total area 2,538 SF
Lot 0.18 ac (7,841 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Folgarelli's Market & Wine Shop Food Market Restaurant
  • Mid-American Title Title Company Escrow Service
  • Komrska’s Christmas Trees Christmas Tree Farm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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