415 Front St Traverse City, MI 49686
This exceptional commercial property, located at 28-51-798-179-00 in Grand Traverse County, offers a unique opportunity for businesses seeking a vibrant downtown location. The Honor Bank Building, a Class B, four-story office building constructed in 2021, boasts a total of 14,075 square feet. Currently, 4,890 square feet of vacant space is available, divisible into units as small as 1,145 square feet and with a maximum contiguous space of 4,890 square feet. The building sits on a 0.11-acre lot and offers stunning views of Grand Traverse Bay and the Boardman River. Its prime location on the north side of East Front Street, between Wellington and Boardman, provides easy access to all downtown amenities and is just one block from a public parking deck. The landlord is offering a generous build-out allowance for leases of five years or longer, allowing tenants to customize their floor plan to meet their specific needs. Each floor comprises approximately 2,445 rentable square feet and 2,330 usable square feet. The second and third floors are currently available. Taxes, insurance, and CAM charges are capped at $8 per square foot, with a 3% annual adjustment during the initial lease term, simplifying expense planning. While there are no on-site parking spaces, the building's convenient location mitigates this. The building features elevators for easy access to all floors.
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Honor Bank Commercial Lending Center Bank Loan Service
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ONE PT Physician
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Authentic Health LLC Alternative Medicine Practice
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Roger Karsten Physician
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
Similar Nearby for Sale
Similar Nearby for Lease
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.