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232 E State St
Traverse City, MI 49684 Downtown Traverse City

$610,000 - $950,000 USD

Hospitality Condos For Sale • 2,034+ SF

Property Details

Property Type Hospitality
Total Building Size 74,638 SF
Lot Size 0.37 AC
Building Class B
Year Built 2025
Zoning C-4c

60 Transit Score

70 Walk Score

3 Units Available

Name	Condo Use	Size	Price
1st Floor - Unit A	Office	2,270 SF	$950,000 USD
Unit Size: 2,270 SF Condo Use: Office Price: $950,000 USD Sale Type: Investment Price/SF: $418.50 USD Description Downtown investment opportunity in the heart of Traverse City, Michigan. This 2,270 SF tenant occupied commercial condo space, constructed in 2025, offers an ideal investment opportunity. Tenant has a 10 year NNN lease that began in November 2025 with two options for renewal. Financials available with a signed NDA and proof of funds. Sale Notes Downtown investment opportunity in the heart of Traverse City, Michigan. This 2,270 SF tenant occupied commercial condo space, constructed in 2025, offers an ideal investment opportunity. Tenant has a 10 year NNN lease that began in November 2025 with two options for renewal. Financials available with a signed NDA and proof of funds.
1st Floor - Unit B	Office/Retail	2,034 SF	$610,000 USD
Unit Size: 2,034 SF Condo Use: Office/Retail Price: $610,000 USD Sale Type: Investment or Owner User Price/SF: $299.90 USD Description Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,034 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City. Sale Notes Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,034 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.
1st Floor - Unit C	Office/Retail	2,849 SF	$854,000 USD
Unit Size: 2,849 SF Condo Use: Office/Retail Price: $854,000 USD Sale Type: Investment or Owner User Price/SF: $299.75 USD Description Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,849 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City. Sale Notes Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,849 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.

Description

Downtown retail/office opportunity in the heart of Traverse City, Michigan. Two individually offered commercial condo spaces, Unit B at 2034 SF and Unit C at 2,849 SF, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City. Also available, commercial condo Unit A as a Downtown investment opportunity, in the heart of Traverse City, Michigan. This 2,270 SF tenant occupied commercial condo space, constructed in 2025, offers an ideal investment opportunity. Tenant has a 10 year NNN lease that began in November 2025 with two options for renewal. Financials available with a signed NDA and proof of funds.

                
                    Highlights
                
                                Long Term Tenant in Place 
                            
                                Newly Constructed
                            
                                Downtown Traverse City 
                            
                                Close to Parking Deck