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$ 5,500,000
Est. payment /mo
Price Dropped by $600K
116 W Front Street Traverse City, MI 49684
14,464 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 14,464 sqft
Price per Sqft $380
Subdivision Mi
MLS Listing ID 80065297
Year Built 1941
Lot Size 0.790 Acres
Acres 0.79
Lot Dimensions 125'x177'-203'&63'x166'
Property Sub-Type Commercial/Industrial
Property Description
Prime Downtown Traverse City Commercial Opportunity – Building + Dedicated Parking. Exceptional opportunity to acquire a core downtown commercial property paired with a dedicated off-site parking lot in the heart of Traverse City’s premier Front Street corridor. This offering includes the commercial building at 116 W. Front Street and the parking lot directly across the street at 119 W. Front Street, a rare and highly valuable combination in a dense, supply-constrained downtown market. Located on Traverse City’s most recognizable commercial street, the property benefits from outstanding visibility, heavy year-round foot traffic, and immediate proximity to dining, retail, entertainment, and West Grand Traverse Bay. Office building contains a dedicated boiler system for heated sidewalks along Front Street, further enhancing year-round accessibility, a significant advantage in Northern Michigan’s winter months.
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Professional Office,Commercial,Industrial
Interior
Heating Baseboard, Hot Water
Cooling Central A/C
Exterior
Parking Features Parking Lot
Building
Foundation Basement
Water Public Water
Structure Type Block,Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by REO-TCRandolph-233022