204 E Front Street

Highlights:

• Water: Municipal Water
• Heating Fuel Type: Gas
• Exterior Description: Concrete Block
• Road Type: City / Town Street
• Roof: Rubber
• Heating Type: Forced Air
• Garage Description: Curb Parking.

Description:

East on Front Street from Cass Road, subject property will be on your right.

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 6.95% CAP.

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Listing ID: be846e78-ea0a-4cc2-97a2-0bf6ef145348