Traverse City, MI Restaurants for Lease

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6 properties

Updated: May 20

Bar & Pub Space with Wood Bar

117 Union Street, Traverse City, MI 49684

$28 SF/Yr

2,586 sqft 0.06 AC lot

2,586 SF first‑floor commercial space
Wood bar remains in place for service or display use
Tall ceilings, extensive glass, and exposed brick interior elements
Suitable for bar, restaurant, retail, or office use
Cleared interior ready for tenant remodeling

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Updated: Aug 10

Restaurant Suite

124 Cochlin Street, Traverse City, MI 49686

$2,600/Mo

550 sqft 0.33 AC lot

550 square feet of restaurant space
0.33‑acre site
Suite B at 124 Cochlin Street, Traverse City
Block construction and exterior
Membrane roof

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Freestanding Restaurant with Bay Views

810 E Front Street, Traverse City, MI 49686

$4,500/Mo

1,674 sqft 0.31 AC lot

Standalone restaurant space with dining facilities, on-site parking, and kitchen equipment available for rent.

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Freestanding QSR with Absolute NNN Lease

720 E Front St, Traverse City, MI 49686

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3,194 sqft 0.61 AC lot

Freestanding 3,194 SF quick-service restaurant on a 0.61-acre parcel with a 20-year absolute NNN lease.

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Restaurant Building with Brewery Infrastructure

120 Park Street, Traverse City, MI 49684

$7,438/Mo

3,500 sqft 0.17 AC lot

Downtown Traverse City building previously used as a micro brewery, with hoods, vents, and a walk-in cooler included.

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Freestanding KFC Restaurant Building

311 Us Highway 31 S, Traverse City, MI 49685

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3,179 sqft 1.96 AC lot

Freestanding KFC is leased on a 20-year triple-net basis at a prominent US-31 site in Traverse City.

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 6 Active listings in Traverse City, MI, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 14 Properties for Sales.

Restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Restaurant Space Ready for Renovation

1025 W Main St 1013, Fremont, MI 49412

$9 SF/Yr

4,300 sqft 4.05 AC lot

4,300 sq ft restaurant space available for rent.

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Build-to-Suit Restaurant Space

1025 W Main Street, Fremont, MI 49412

$9 SF/Yr

4,300 sqft 4.05 AC lot

The existing space allows a new dining concept to plan its layout, equipment, and finishes from the ground up.

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Restaurant Property with Commercial Kitchen

4240 Juddville Rd, Fish Creek, WI 54212

Contact for pricing

2,356 sqft 1.17 AC lot

Flexible restaurant layout with dining areas, bar service, porch seating, parking, and a detached shop.

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Turnkey Restaurant with Employee Housing

3713 Hwy 42, Fish Creek, WI 54212

Contact for pricing

8,844 sqft

Remodeled hospitality property with multiple dining rooms, a full kitchen, outdoor patio, and on-site living quarters.

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Similar Spaces for Sale in Traverse City, MI

Consider Similar Space for Sale. We found 14 Spaces matching your search parameters.

Burger King Drive-Through Restaurant

2500 Crossing Circle, Traverse City, MI 49684

$2,000,000

3,618 sqft 1.36 AC lot

Single-tenant restaurant with a new long-term NNN lease and dedicated parking lot.

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Freestanding KFC Net Lease

311 US Hwy 31 S, Traverse City, MI 49685

$1,193,292

3,179 sqft 1.96 AC lot

Freestanding KFC on a 1.96-acre parcel along US-31, secured by a 20-year triple net lease.

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Entertainment Property in Cherryland Center

1212 W South Airport Rd, Traverse City, MI 49686

$7,500,000

101,386 sqft

High-visibility entertainment property with indoor go-kart track and restaurant.

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Indoor Go-Kart Racing Facility

C-1212 W South Airport Rd, Traverse City, MI 49686

$2,500,000

61,502 sqft

Turnkey indoor go-kart racing operation with electric karts, arcade, and Paddock Lounge restaurant and bar.

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Four-Season Riverfront Resort

6841 Brown Bridge Road, Traverse City, MI 49696

$3,500,000

10,404 sqft 40.00 AC lot

Multi-use hospitality property combining lodging, dining, recreation, camping, and event facilities in a natural setting.

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Restaurant Suite

124 COCHLIN ST, Traverse City, MI 49686

Contact for pricing

550 sqft

Suite B at 124 Cochlin Street is positioned for restaurant or takeout use.

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Historic Storefront with Wood Bar

117 Union Street, Traverse City, MI 49684

Contact for pricing

2,586 sqft

First-floor commercial space with exposed brick, tall ceilings, and flexible retail or office potential.

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Brewery Development Parcel with C4-C Zoning

120 Park Street, Traverse City, MI 49684

$1,350,000

3,500 sqft 0.17 AC lot

0.17-acre parcel zoned C4-C with minimum setbacks; existing micro brewery setup includes hoods, vents, and walk-in cooler.

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Historic Mixed-Use Building Near West Bay

601 Randolph Street, Traverse City, MI 49684

$1,400,000

3,250 sqft

Unique mixed-use property in prime location near shopping and dining.

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Lower-Level Retail Space

161 Front Street, Traverse City, MI 49684

Contact for pricing

4,240 sqft

Lower-level commercial space includes separate entry points from Front Street and the Boardman River side.

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Restaurant Space With Rooftop Deck

423 S Union Street, Traverse City, MI 49684

Contact for pricing

7,120 sqft 0.06 AC lot

A 2009 addition offers outdoor seating, an overhead door, and flexible restaurant, bar, or retail use.

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Corner Office and Restaurant Building

12930 S West Bay Shore Dr, Traverse City, MI 49684

$1,695,000

Fully furnished corner building with a renovated restaurant main floor and multi-office occupancy upstairs.

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Riverfront Retail and Office

447/449 E Front Street, Traverse City, MI 49686

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Front Street building with Boardman River frontage and mooring space for up to two boats.

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Pizza Hut NNN Leasehold

3050 N US Highway 31 S, Traverse City, MI 49684

Contact for pricing

For sale Pizza Hut property offered with an absolute net long-term lease and zero landlord responsibilities.

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Traverse City, MI Restaurants Lease Rates & Market Statistics

Browse 6 Restaurants for lease in Traverse City, MI on Realmo, a commercial real estate marketplace serving the Traverse City area. The current inventory totals 14,683 square feet of properties.

Restaurants lease rates in Traverse City range from $25.50 SF/Yr at the entry level to $56.73 SF/Yr at the top of the market, averaging $35.62 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $35.62 SF/Yr, the local average runs 70% above Michigan's state average of $21 SF/Yr.

Traverse City accounts for 86% of the 7 restaurants currently available across Grand Traverse County, where a nearby market includes Kingsley.

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