About 204 E Front Street
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.
Features of 204 E Front Street
| MLS® # | 1941634 |
|---|---|
| Price | $899,000 |
| Bathrooms | 1.00 |
| Square Footage | 2,000 |
| Year Built | 1873 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 204 E Front Street |
|---|---|
| Subdivision | N/A |
| City | Traverse City |
| County | Grand Traverse |
| State | MI |
| Zip Code | 49684 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
Exterior
| Lot Description | Interior Lot |
|---|---|
| Roof | Membrane |
| Construction | Brick, Timber Frame, Block, Steel Siding |
Additional Information
| Days on Market | 184 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Coldwell Banker Schmidt Traverse City |
|---|