116 W Front St - Medical FOR SALE


Traverse City, MI 49684- Downtown Traverse City
$5,500,000 USD
616-308-2132
116 W Front St, Traverse City, MI for Sale
$5,500,000 USD
Medical - FOR SALE
1/10
null | Request Cap Rate

116 W Front St
Traverse City, MI 49684
Downtown Traverse City


HIGHLIGHTS

  • Prime downtown Traverse City location offering strong visibility along the highly traveled Front Street corridor
  • Walkable access to restaurants, retail, waterfront amenities, and civic destinations that support employee convenience and client engagement
  • Surrounded by established professional services, financial institutions, and medical-adjacent businesses ideal for synergistic office placement
  • Positioned within a thriving year-round economic hub fueled by tourism, remote-worker migration, and a growing professional services sector
  • Quick access to major arterials connecting to Grand Traverse Bay, Cherry Capital Airport, and regional commercial districts
  • Ideal setting for professional firms seeking a high-image address in one of Michigan’s most sought-after downtown markets

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

Commercial

APN/PARCEL ID

51-706-003-01

ASK ABOUT THIS PROPERTY

Julia Bloxsom-PhelpsReal Estate One, Inc. - Traverse CityMore Info
616-308-2132

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Julia Bloxsom-PhelpsReal Estate One, Inc. - Traverse CityMore Info
616-308-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.