204 E Front Street
$899,000
204 E Front Street Traverse City, MI 49684
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About this listing
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 6.81% CAP.
DIRECTIONS
East on Front Street from Cass Road, subject property will be on your right.
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Building Size
2,000 sqft
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Year Built
1873
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MLS ID
1941634
Details
- • Water: Municipal Water
- • Heating Fuel Type: Gas
- • Exterior Description: Concrete Block
- • Road Type: City / Town Street
- • Roof: Rubber
- • Heating Type: Forced Air
- • Garage Description: Curb Parking.
