Sold
100 E Front Street
Traverse City MI, 49684
$3,750,000
$183.72 per sqft
Sold
20,411 sqft
Commercial
Built in 1890
Iconic Building in the heart of downtown Traverse City. Location does not get any better than the corner of East Front Street & Union Street. Building is approx. 20,000 SF (7,000 SF ground floor, 6,500 SF 2nd & 3rd floors, 400 SF 4th floor) with a full 6,500 SF basement. Property has been in the same family for over 50 years and lease rates are far below market rates. Short lease terms gives the buyer an opportunity to capture current market rents for highly sought after retail and office space or redevelop the property and use the 2nd, 3rd & 4th floors for residential condos or Air B&B units. Large windows and lots of light make redevelopment very desirable. Building already has fire sprinklers installed. There are 13 parking spaces in the rear of the building.
1901770
MLSⓇ ID
June 27, 2022
Listed
February 11, 2024
Updated
Map
100 E Front Street
Traverse City MI, 49684
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.25 Acres
Exterior Features
Brick
Roof
Membrane
Sewer
Municipal
School Information
School District
2.5
Other Property Details
Area Name
Grand Traverse
Days on Market
183
Garage
No
Parking
Assigned, Parking Lot, Street Parking
View
No
County
Grand Traverse
Municipality
Traverse City
Water Source
Municipal Water
Pool
No
Zoning
Residential,Multi-Family,Office,Retail,Commercial,Restaurant/Food,Motel/Hotel
Buyer Agency Compensation
2.5%
Listed by with Coldwell Banker Schmidt-522
Listing Contact:
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Data last updated on 2/11/2024 at 5:00 PM UTC