MI
GrandTraverse
Traverse City City
49684
204 E Front Street
204 E Front Street, Traverse City City, MI 49684
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
18
$949,000

Home Details for 204 E Front Street

Price
$949,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1873
County
GrandTraverse
Garage
Days on site
0
MLS Listing#
78080064809
Property Description

Single-tenant retail condominium located directly on Front Street in the heart of downtown Traverse City. The property is fully leased on a new 5-year NNN lease to Serendipity, a strong retail operator with multiple locations in Northern Michigan. The ~2,000 SF storefront features strong Front Street visibility with an efficient retail layout including an open sales floor, fitting rooms, rear storage, and a private restroom. The unit is positioned within one of downtown’s most active retail blocks and benefits from C-4B zoning, allowing for a wide range of permitted uses. This offering provides predictable, hands-off cash flow with a true triple-net lease structure and condominium ownership, making it well-suited for private investors and 1031 exchange buyers seeking durable downtown income. Currently priced at a 6.95% CAP.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
  • Water Features
    • Public
  • Utilities
    • Natural Gas Connected
Listing Courtesy: Coldwell Banker Schmidt Traver - 231-922-2350
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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