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Investment Highlights
- Prime downtown Traverse City location offering strong visibility along the highly traveled Front Street corridor
- Surrounded by established professional services, financial institutions, and medical-adjacent businesses ideal for synergistic office placement
- Quick access to major arterials connecting to Grand Traverse Bay, Cherry Capital Airport, and regional commercial districts
- Walkable access to restaurants, retail, waterfront amenities, and civic destinations that support employee convenience and client engagement
- Positioned within a thriving year-round economic hub fueled by tourism, remote-worker migration, and a growing professional services sector
- Ideal setting for professional firms seeking a high-image address in one of Michigan’s most sought-after downtown markets
Executive Summary
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.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,464 SF
Building Class
B
Year Built
1976
Price
$7,612,385 CAD
Price Per SF
$526.30 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,464 SF
Building FAR
0.60
Lot Size
0.55 AC
Zoning
Commercial - Commercial Zoned District
Parking
20 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Central Heating
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 51-706-003-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,037,203 CAD |
Property Taxes
Parcel Number
51-706-003-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,037,203 CAD
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116 W Front St
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