121 Front St Traverse City, MI 49684

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.