121 Front St Traverse City, MI 49684
- Retail properties
- 23,983 SF
Current Use by Public Records
- Suite Jayne girls @ Bay 31 Salon / Beauty Salon
- Jeffrey C Alandt / Family Law Attorney / Law Firm
- Harbor View Lavender Farm / Store
- Secondhand Social Club / Art Center
- Unparalleled Apparel / Clothing Store / Gift Shop
Property Details for 121 Front St
- Year built
- 1930
- Property size
- 23,983 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 23,983 square foot, multi-tenant storefront and office building at 121 E Front St, Traverse City, MI, is offered at $4,290,000 ($178.88/sq ft). Located in the heart of downtown, this landmark property boasts prominent visibility on Front Street, with stunning views of the Boardman River and West Grand Traverse Bay. Built in 1930, this four-story building (plus basement) features a striking atrium with multi-story windows showcasing the waterfront. Currently operating at 100% occupancy, the property generates an approximate gross annual income of $229,000. Zoned C4b, this versatile property presents significant redevelopment potential, including possibilities for multi-family housing or a boutique hotel. The property's rich history, beginning as a movie theater, adds to its unique character and appeal. This is a rare opportunity to acquire a significant piece of Traverse City's vibrant downtown landscape. The APN is 28-51-798-196-00. The lease type is modified. Ownership is private.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6229
- Latitude
- 44.7643
