1024 Front St Traverse City, MI 49686
This exceptional 1,098 square-foot creative office building, situated on a 0.13-acre lot in Traverse City's vibrant Hotel Resort District, presents a unique investment opportunity. Built in 1928, this two-story structure boasts a single-tenant occupancy and is completely occupied. The property features a bright interior with a blend of hardwood and laminate flooring, enhancing its aesthetic appeal. Recent renovations include an updated kitchen, providing a functional and modern workspace. Two bathrooms add convenience for employees and clients. A detached garage offers additional storage or workspace, a valuable asset for many businesses. The building's location at 1024 E Front Street, near the cross streets of E Front and Garfield, ensures high visibility and accessibility. With three or more parking spaces available, client and employee parking is readily accommodated. The property is zoned for a wide range of commercial uses within the Traverse City Hotel Resort District, offering flexibility for various business types. This is an exceptional opportunity to acquire a well-maintained, historically significant commercial property in a thriving Michigan tourist destination. The absence of elevators should be noted.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.