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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

324 Front St Elmwood Charter Township, MI 49686

1,656 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located on prime East Front Street in downtown Traverse City, Grand Traverse County. The 1,656 square foot space boasts excellent visibility and high foot traffic, benefiting from its proximity to a public parking deck, ensuring convenient customer access. The building features attractive tinned ceilings and includes two dedicated parking spaces behind the building, adding to its appeal. The layout comprises a spacious retail area, approximately 60 feet by 15 feet, complemented by a sizable office or storage area in the rear. Two shared bathrooms are conveniently located within the building. The lease rate is inclusive of taxes and insurance, with utilities and a shared snow plowing cost being the tenant's responsibility. Currently configured as a single-tenant space, there is potential for additional square footage to be made available. This property presents a rare chance to establish a thriving business in a vibrant downtown setting. The convenient location and attractive features make this an ideal space for a variety of retail ventures.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,656 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
  • Waters D'Vine Travel Agency Tour Operator
  • Mc Allister Jeff Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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