204 E Front Street, Traverse City
Driving Directions$924,000
(415 ) 254-1622
info@manitou-life.com
Listing is courtesy of Coldwell Banker Schmidt Traverse City
231-922-2350
MLS: #1941634
- Sale or Lease: False
- Square Feet: 2,000
- Acres: 0
- Business Incl: No
- Real Estate Incl: Yes
- Township: Traverse City
- County: Grand Traverse
- Business Type: Retail
- Location: Interior Lot
- Included in Rent: None
- Zoning: Retail,Commercial,Restaurant/Food
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 7.14% CAP.
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