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Traverse City, MI Specialty Properties for Sale

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Barrier-Free Adult Care Facility
Updated: Feb 4
Barrier-Free Adult Care Facility

Traverse City, MI 49686

$749,000
3,995 sqft
Former assisted living/adult foster care property built in 2015
6 bedrooms and 3.5 bathrooms with 3,995 SF of living space
Fully barrier‑free bathrooms, doors, and entry areas throughout
Includes large community kitchen with dining, plus living room and family room areas
Full walkout basements
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3205 Supply Road, East Bay Township, MI 49686

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Event Center with 120-Seat Hall
Updated: Jun 10
Event Center with 120-Seat Hall

1776 High Lake Road, Traverse City, MI 49696

$1,399,000
3,640 sqft 5.06 AC lot
Event center in Traverse City, MI includes a 3,640 SF gathering hall plus a 3+ BR, 2 BA residence on 5 acres
Main hall seats 120 and the Spruce Room is rated for an additional 28
Modern renovated venue ready for parties, presentations, and performances
Many uses allowed; duplexes and single‑family homes are permitted uses
Pine Hall can be sold without the house with a $400,000 reduction
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Tenant-Occupied Office Condo
Tenant-Occupied Office Condo

232 E State Street, Traverse City, MI 49684

$950,000
2,270 sqft 0.16 AC lot

Newly constructed office condo is tenant occupied under a 10-year NNN lease.

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To-Be-Built Aviation Hangar Units
To-Be-Built Aviation Hangar Units

1218 Boon Street, Traverse City, MI 49686

$532,000
2,800 sqft 0.19 AC lot

Co-op purchase of heated, insulated hangars sized for general aviation aircraft storage at Cherry Capital Airport.

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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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To-Be-Built Heated Hangar Units
To-Be-Built Heated Hangar Units

1218 Boon Street, Traverse City, MI 49686

$532,000
2,800 sqft 0.19 AC lot

Purchase co-op shares granting exclusive rights to heated, insulated hangar space for general aviation aircraft storage.

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Aviation Hangar Co-Op Units
Aviation Hangar Co-Op Units

1218 Boon Street, Traverse City, MI 49686

$532,000
2,800 sqft 0.19 AC lot

To-be-built heated hangar units provide aircraft storage with shared restroom access.

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Heated Insulated T-Hangar
Heated Insulated T-Hangar

1200 Boon Street, Traverse City, MI 49686

$250,000
2,080 sqft 0.37 AC lot

Private airfield hangar with epoxy flooring, shared restroom access, and co-op ownership tied to an exclusive unit.

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Wedding Venue With Residence
Wedding Venue With Residence

1776 High Lake Road, Traverse City, MI 49696

$1,399,000
3,640 sqft 5.00 AC lot

Renovated event facility with an on-site residence supports weddings, presentations, performances, and private gatherings.

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Heated Insulated T-Hangar
Heated Insulated T-Hangar

1200 Boon Street, Traverse City, MI 49686

$225,000
1,680 sqft 0.37 AC lot

Heated insulated general aviation hangar with epoxy floors, shared restroom access, and direct airfield positioning at TVC.

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Wedding Venue and Barn Property
Wedding Venue and Barn Property

55 S Hope Ridge, Traverse City, MI 49696

$3,500,000
16,208 sqft 40.76 AC lot

40-plus-acre wedding venue property with eight homes, four large barns, and private well and shared septic service.

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To-Be-Built Aircraft Hangar Units
To-Be-Built Aircraft Hangar Units

2-1218 Boon St, Traverse City, MI 49686

$532,000
2,800 sqft

Three insulated, heated hangar units are planned at Cherry Capital Airport, each with epoxy flooring and LED lighting.

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45-Foot Condo Boat Slip
45-Foot Condo Boat Slip

12755 S Marina Village Drive, Traverse City, MI 49684

$199,000
0.01 AC lot

45-foot slip at Harbor West Marina with clubhouse access for convenient on-water downtime and quick get-togethers.

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To-Be-Built Heated Hangar Units
To-Be-Built Heated Hangar Units

1-1218 Boon St, Traverse City, MI 49686

$532,000
2,800 sqft

Three insulated, heated hangar units are offered as co-op shares at Cherry Capital Airport, each sized for general aviation storage.

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Modern Hangar Units at Airport
Modern Hangar Units at Airport

1218 Boon St, Unit 1, Traverse City, MI 49686

$532,000
2,800 sqft

To-be-built, insulated hangars with heated, epoxy-floored interiors and 15-foot clear door height.

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To-Be-Built Hangar Co-Op Units
To-Be-Built Hangar Co-Op Units

1218 Boon Street Unit SourceFi, Traverse City, MI 49686

$532,000
2,800 sqft

Three insulated, heated hangar units available as co-op shares with shared restroom access and finished epoxy flooring.

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Leased Retail Condo with Restroom
Leased Retail Condo with Restroom

204 E Front St, Traverse City, MI 49684

$899,000
2,000 sqft

Single-tenant retail condominium with an open sales floor, fitting rooms, rear storage, and private restroom on Front Street.

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Heated Insulated T-Hangar
Heated Insulated T-Hangar

1200 Boon St, Unit 4, Traverse City, MI 49686

$250,000
2,080 sqft

Airfield hangar conveyed through co-op shares with exclusive rights to a private unit and access to a shared restroom.

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NNN Commercial Condo
NNN Commercial Condo

232 State Street, Traverse City, MI 49684

$950,000
2,270 sqft

Tenant-occupied commercial space with a 10-year NNN lease and two renewal options.

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Tenant-Occupied Commercial Condo
Tenant-Occupied Commercial Condo

A-232 E State St, Traverse City, MI 49684

$950,000
2,270 sqft

Newly constructed 2,270 SF commercial condo is tenant occupied under a 10-year NNN lease.

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Indoor Go-Kart Racing Facility
Indoor Go-Kart Racing Facility

Traverse City, MI 49686

$2,500,000
61,502 sqft

Turnkey indoor go-kart track with electric karts, arcade, and an on-site restaurant and bar for year-round operations.

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Heated Insulated Aviation Hangar
Heated Insulated Aviation Hangar

Traverse City, MI 49686

$225,000
1,680 sqft

Heated, insulated hangar with epoxy floors and direct airfield positioning for secure general aviation storage.

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Heated Insulated Airplane Hangar
Heated Insulated Airplane Hangar

2-1200 Boon Street, Traverse City, MI 49686

$225,000
1,680 sqft

Heated and insulated T-hangar with epoxy floors, a shared restroom, and direct airfield positioning for general aviation use.

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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 Specialty Properties Market Trends and Statistics

Explore 72 specialty properties for sale in Traverse City, MI, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 221,415 square feet of properties for sale, with an estimated market value of $25,592,000.

Sale prices for properties in Traverse City, MI start at $125,000, averaging $947,851, and reaching up to $3,500,000 — 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

NNN properties 18
Aviation real estate 14
Wedding venues 8
Day care centers 4
Churches & religious facilities 3

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
49686 $1M
49684 $1M
49696 $2.7M

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 100,000+ square foot range.

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