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516 E Front St 1,374 SF of Retail Space Available in Traverse City, MI 49686
HIGHLIGHTS
- Downtown location
- Several parkign spaces
- Lots of natural light
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,374 SF | Negotiable | $30.23 CAD/SF/YR $2.52 CAD/SF/MO $41,540 CAD/YR $3,462 CAD/MO | Modified Gross |
1st Floor
Now offered with 2 parking spaces! Check out this unique downtown Traverse City space with alley access off of E Front St in Traverse City's bustling downtown scene, with tall ceilings, wood trim, lots of natural light up front, sinks/water hook-ups throughout (including washer/dryer hook-ups), a couple of side rooms, and tons of opportunity! Near local favorites such as The Little Fleet, Paesano's Pizza, The Cook's House, Bubba's, and more. Tenants are responsible for rent and utilities.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Specialty Space
- Space is in Excellent Condition
- Central Air and Heating
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 516 E FRONT ST, TRAVERSE CITY, MI 49686
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Epiphany Salon & Spa
- Services
- 1
- -
- The Laughing Buddha
- Tobacco
- 1
- -
- To Have & To Hold
- Retailer
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Epiphany Salon & Spa | Services | 1 | - |
| The Laughing Buddha | Tobacco | 1 | - |
| To Have & To Hold | Retailer | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,374 SF | Gross Leasable Area | 8,000 SF |
| Property Type | Retail | Year Built | 1956 |
| Property Subtype | Freestanding | Parking Ratio | 1.25/1,000 SF |
| Total Space Available | 1,374 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 8,000 SF |
| Year Built | 1956 |
| Parking Ratio | 1.25/1,000 SF |
ABOUT THE PROPERTY
Downtown property, private parking, multi-tenant building
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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516 E Front St
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