$899,000

204 E Front Street, Traverse City MI, 49684

Price per sqft$449.50

Built in1873

Property size2,000 sqft

Property typeCommercial

Listed by Alex MacKenzie with Coldwell Banker Schmidt Traverse City Listing Contact: 231-499-0529

Overview

Active

Listed Jan 13, 2026

Updated 3 weeks ago

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 6.81% CAP.

Additional information

MLS^® ID: 1941634

Interior Features

Bathrooms: 1
Heating: Yes
Basement: Yes

Other Property Details

Association Fee Frequency: Yearly
Furnished: Yes

Listed by Alex MacKenzie with Coldwell Banker Schmidt Traverse City
Listing Contact: 231-499-0529

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 9/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/17/2026 at 12:31 AM UTC