204 E Front Street
Traverse City, MI 49684
$899,000
- Bathrooms
- 1
- Lot
- 0
- Year built
- 1873
- Property type
- C
- County
- Grand Traverse County
- Subdivision
- Traverse City
- MLS #
- 1941634
- Days on market
- 298
About this home
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.
Listing courtesy of Coldwell Banker Schmidt Traverse City · Northern Great Lakes MLS · Listing agent: Alex MacKenzie
Listing data is provided through the IDX programs of MichRIC, Realcomp, MiRealSource, Northern Great Lakes MLS, and Greater Lansing REALTORS. Information is deemed reliable but not guaranteed and should be independently verified. Listings held by brokerages other than Bergrand Realty are marked with the listing brokerage's name. Last updated November 8, 2026.