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    Traverse City, MI Retail Properties & Spaces for Sale

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    Multi-Tenant Retail Warehouse Building
    Updated: Aug 21, 2025
    Multi-Tenant Retail Warehouse Building

    144 Hall Street, Traverse City, MI 49684

    $2,950,000
    18,454 sqft 0.72 AC lot
    Brick exterior with block construction and a parking lot on site
    Multi‑tenant building with 9 established tenants in a proven rental model
    Warehouse MRKT located in Traverse City’s Warehouse District
    Property sits on three‑quarters of an acre
    Building features include soaring ceilings and exposed beams
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    This listing looks promising.

    Here's a quick look at some key insights for

    144 Hall Street, Traverse City, MI 49684

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $228K
      Annual

    • Price @ 7% Cap

      $3.26M
      Above asking

    • Property Type

      Grocery, Supermarket
      Built 1926
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    New Downtown Retail/Office Condo
    Updated: May 12
    New Downtown Retail/Office Condo

    232 E State Street, Traverse City, MI 49684

    $854,000
    2,849 sqft 0.16 AC lot
    2,849 SF commercial condo space in downtown Traverse City, MI
    Constructed in 2025 and currently under construction
    Brick exterior with steel construction materials
    Membrane roof
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    Downtown Retail Office Condo
    Downtown Retail Office Condo

    232 E State Street, Traverse City, MI 49684

    $610,000
    2,034 sqft 0.16 AC lot

    Newly constructed commercial condo space built in 2025, sized for retail or professional office use.

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    Historic Three-Story Mixed-Use Building
    Historic Three-Story Mixed-Use Building

    Traverse City, MI 49684

    $2,790,000
    9,045 sqft

    Three-story building with ground-floor retail and flexible C-4B zoning for commercial or residential conversion.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Retail Condo Unit with C-4c Zoning
    Retail Condo Unit with C-4c Zoning

    141 W Front Street, Traverse City, MI 49684

    $773,400
    2,578 sqft 0.02 AC lot

    New retail condo unit scheduled for March 2026, positioned for C-4c compatible retail use in downtown Traverse City.

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    Retail Condo Unit with C-4c Zoning
    Retail Condo Unit with C-4c Zoning

    137 Pine Street, Traverse City, MI 49684

    $891,300
    2,971 sqft 0.02 AC lot

    2,971 SF retail condo unit scheduled for completion in June 2026, positioned in downtown Traverse City with C-4c zoning support.

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    Downtown Retail Condo Unit
    Downtown Retail Condo Unit

    135 Pine Street, Traverse City, MI 49684

    $610,050
    1,743 sqft 0.02 AC lot

    Retail condo unit under schedule for June 2026 completion, totaling 1,743 square feet with C-4c zoning.

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    Retail and Office Corner Lot
    Retail and Office Corner Lot

    305 Us Highway 31 S, Traverse City, MI 49685

    $799,000
    3,840 sqft

    High-traffic corner site with flexible CM zoning and existing retail/office and pole buildings for immediate or future use.

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    Downtown Retail Condo Unit
    Downtown Retail Condo Unit

    143 W Front Street, Traverse City, MI 49684

    $759,600
    2,532 sqft 0.02 AC lot

    Retail condo unit scheduled for completion in June 2026 with C-4c zoning.

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    Three-Story Downtown Retail Building
    Three-Story Downtown Retail Building

    118 E Front Street, Traverse City, MI 49684

    $2,790,000
    9,045 sqft 0.10 AC lot

    Three-floor retail building with 10-foot-plus ceilings, basement storage, and rear parking, zoned for commercial or residential use.

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    Traverse City Retail Condominium
    Traverse City Retail Condominium

    204 E Front St, Traverse City, MI 49684

    $924,000
    2,000 sqft

    Single-tenant retail condo in downtown Traverse City, fully leased.

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    Historic Standalone Retail Building
    Historic Standalone Retail Building

    601 Randolph Street, Traverse City, MI 49684

    $1,400,000
    3,250 sqft 0.06 AC lot

    Historic brick building with main-floor retail space and two one-bedroom apartments, plus alley access for parking.

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    Multi-Use Retail Building with Overhead Doors
    Multi-Use Retail Building with Overhead Doors

    274 N US-31 S, Traverse City, MI 49685

    $1,985,000
    8,250 sqft 2.90 AC lot

    Remodeled retail building on a 2.89-acre lot with rear overhead doors, ample parking, and mezzanine office space.

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    Newly Built Retail/Office Condo
    Newly Built Retail/Office Condo

    232 E State Street, Traverse City, MI 49684

    $610,000
    2,034 sqft

    Commercial condo built in 2025 with space suited for retail or professional office uses.

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    Pad Site for Two-Story Retail/Office
    Pad Site for Two-Story Retail/Office

    City View Drive, Traverse City, MI 49684

    $750,000
    20,000 sqft

    Build-ready pad approved for a two-story retail/office building within a professional center.

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    Auto Dealership and Service Building
    Auto Dealership and Service Building

    3566 N US-31 S, Traverse City, MI 49684

    $1,600,000
    13,515 sqft 1.98 AC lot

    A 2001-built auto dealership featuring showrooms, private offices, and service bays with 18' clear height.

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    Retail Condo in Downtown Traverse
    Retail Condo in Downtown Traverse

    143 W Front St, Traverse City, MI 49684

    $759,600
    2,532 sqft

    2,532 SF retail condo in prime Traverse City location.

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    Live-Work Retail and Service Property
    Live-Work Retail and Service Property

    6375 E Traverse Highway, Traverse City, MI 49684

    $949,900
    4,608 sqft 1.07 AC lot

    Commercial property includes an apartment above the main retail/service area and 250 feet of road frontage.

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    Downtown Traverse City Retail Condo
    Downtown Traverse City Retail Condo

    137 Pine St, Traverse City, MI 49684

    $891,300
    2,971 sqft

    Retail condo in downtown Traverse City, completion scheduled for June 2026.

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    Traverse City Retail Opportunity
    Traverse City Retail Opportunity

    3180 S Airport Rd W, Traverse City, MI 49684

    $2,535,243
    8,963 sqft

    Retail space in high-growth, tourism-driven Traverse City market.

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    Pet Supplies Plus Outlot
    Pet Supplies Plus Outlot

    3180 W South Airport Rd, Traverse City, MI 49684

    $2,366,227
    8,963 sqft

    Retail outlot on premier retail corridor near Grand Traverse Mall.

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    Retail Storefront Property
    Retail Storefront Property

    1120 E. Front St, Traverse City, MI 49686

    $2,050,000
    3,400 sqft

    For sale retail storefront in Traverse City, suited for a wide range of neighborhood retail or service concepts.

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    Iconic Warehouse MRKT Building
    Iconic Warehouse MRKT Building

    144 Hall St, Traverse City, MI 49684

    $2,950,000
    18,454 sqft 0.75 AC lot

    Thriving Traverse City marketplace with multi-tenant rental model.

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    Single-Tenant Retail Condominium
    Single-Tenant Retail Condominium

    E 204 E Front Street Unit SourceFi, Traverse City, MI 49684

    $899,000
    2,000 sqft

    Fully leased single-tenant storefront with NNN structure, open sales floor, fitting rooms, rear storage, and private restroom.

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    Traverse City, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Traverse City, MI, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 172,028 square feet of properties for sale, with an estimated market value of $38,614,920.

    Sale prices for stores in Traverse City, MI start at $149,900, averaging $1,331,548, and reaching up to $2,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 26
    Shopping centers 7
    Automotive properties 6
    Auto shops 4
    Showrooms 4

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49685 $1.2M
    49684 $1.6M
    49686 $2.1M
    49696 $3.5M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 2,500 to 5,000 square foot range.

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