Property profile

161 Front St Traverse City, MI 49684

OFF-MARKET
Retail properties & Spaces
4,240 SF
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Property summary

AI-generated overview

This exceptional 4,240 square foot retail space is ideally situated in the heart of Traverse City's vibrant downtown shopping district, at the highly visible corner of Front and Cass Streets. Benefit from exceptional foot traffic and prominent exposure in this thriving area. The space occupies the lower level of a building and offers the unique opportunity for a custom buildout, allowing you to create a space perfectly tailored to your business needs. Whether you envision a stylish café, a unique bar, a speakeasy, or a boutique retail store, this location provides the perfect canvas. Convenient access is provided via an entrance from the main Front Street lobby, as well as a separate entrance facing the Boardman River. This single-tenant space is located in Grand Traverse County, Michigan, and offers a rare chance to establish your business in one of Traverse City's most desirable commercial locations. Note that additional space is available for lease on the main level (MLS#1929272). The property is classified as retail and land, and is part of a single tenancy.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,240 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Law Firm

Location

161 Front St Traverse City, MI 49684
Traverse City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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