About 204 E Front
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
| MLS® # | 78080064809 |
|---|---|
| Price | $899,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1873 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 204 E Front |
|---|---|
| Area | 28042 - Traverse City |
| Subdivision | N/A |
| City | Traverse City city |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49684 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Block, Brick, Frame, Steel Siding |
|---|---|
| Foundation | Basement |
School Information
| District | Traverse City |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt Traverse City |
|---|---|
| Contact Info | alex.mackenzie@cbsrcommercial.com |