Traverse City, MI Commercial Real Estate for Lease and Sale

Explore 63 listings of Traverse City commercial real estate for lease and for sale to find the best space for your business.

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224 Circle Dr

224 Circle Dr, Traverse City, MI
Property

Office

17,540 SF
Year Built

1955
For Sale

$2,200,000
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8597 E Bingham Rd

8597 E Bingham Rd, Traverse City, MI
Property

Other

1,218 SF
Year Built

2022
For Sale

$169,500
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931 Duell Rd

931 Duell Rd, Traverse City, MI
Property

Other

1,848 SF
Year Built

1995
For Sale

$500,000
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1133 W South Airport Rd

1133 W South Airport Rd, Traverse City, MI
Property

Retail

10,996 SF
Year Built

1997
For Sale

$1,450,000
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Fresh Coast Market

7270 North Long Lake Road, Traverse City, MI
Property

Retail

6,547 SF
Year Built

1995
For Sale

$2,400,000
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274 N US Highway 31 S

274 N US Highway 31 S, Traverse City, MI
Property

Retail

8,250 SF
Year Built

1983
For Sale

$2,175,000
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4051 Cedar Run Road

4051 Cedar Run Road, Traverse City, MI
Property

VacantLand
For Sale

$200,000
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1288 W. South Airport Rd.

1288 W. South Airport Rd., Traverse City, MI
Property

Retail

7,047 SF
Availability

1 Space

1,361 SF
For Lease Contact for pricing
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806 Hastings St

806 Hastings St, Traverse City, MI
Property

Office

161 SF
Availability

1 Space

161 SF
For Lease

$36.52/SF/YR
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912 W Front St

912 W Front St, Traverse City, MI
Property

Retail

6,969 SF
Year Built

2020
For Sale

$2,575,000
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333 W Grandview Pkwy, Unit 1, 2, & 5 (Ste 110, 111, & 302)

333 W Grandview Pkwy, Unit 1, 2, & 5 (Ste 110, 111, & 302), Traverse City, MI
Property

Office

16,186 SF
Year Built

2002
For Sale

$4,990,000
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110 S Madison St

110 S Madison St, Traverse City, MI
Property

Office

2,504 SF
Year Built

1956
For Sale

$750,000
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Auto-Owners Insurance Building

700 E Hammond Road, Traverse City, MI
Property

Office

7,149 SF
Availability

1 Space

3,192 SF
Year Built

2004
For Lease

$15.95/SF/YR
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2325 Sybrant Rd

2325 Sybrant Rd, Traverse City, MI
Property

Industrial

15,262 SF
Availability

1 Space

15,262 SF
Year Built

1953
For Lease

$5.75/SF/YR
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1764 Forest Ridge Dr

1764 Forest Ridge Dr, Traverse City, MI
Property

Office

5,300 SF
Availability

1 Space

5,300 SF
For Lease

$20.00/SF/YR
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118 E Front St

118 E Front St, Traverse City, MI
Property

Retail

9,045 SF
Year Built

1900
For Sale

$3,200,000
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3945 S Blue Star Drive, Traverse City, MI, 49685

3945 S Blue Star Dr, Traverse City, MI
Property

Industrial

17,580 SF
Year Built

1973
For Sale

$1,350,000
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806 Hastings St

806 Hastings St, Traverse City, MI
Property

Office

415 SF
Availability

1 Space

415 SF
For Lease

$815.00/MO
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Zimmerman Rd

Zimmerman Rd, Traverse City, MI
Property

VacantLand
For Sale

$895,000
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333 W Grandview Pkwy, Unit 3D - Suite 200

333 W Grandview Pkwy, Unit 3D - Suite 200, Traverse City, MI
Property

Office

3,705 SF
Year Built

2002
For Sale

$1,250,000
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120 E Front St

120 E Front St, Traverse City, MI
Property

Office

2,400 SF
Availability

1 Space

2,400 SF
For Lease

$21.00/SF/YR
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415 E Front St

415 E Front St, Traverse City, MI
Property

Office

4,890 SF
Availability

2 Spaces

4,890 SF
Year Built

2020
For Lease

$24.00/SF/YR
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707 Parsons Rd

707 Parsons , Traverse City, MI
Property

Industrial

5,584 SF
Availability

1 Space

5,584 SF
Year Built

1998
For Lease

$16.00/SF/YR
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3720 Elmer's Industrial Dr

3720 Elmer's Industrial Dr, Traverse City, MI
Property

Industrial

3,180 SF
Availability

1 Space

3,180 SF
For Lease

$5.00/SF/YR
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806 Hastings St

806 Hastings St, Traverse City, MI
Property

Office

444 SF
Availability

1 Space

444 SF
For Lease

$820.00/MO
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Front Row Center

121 E Front St, Traverse City, MI
Property

Office

23,983 SF
Year Built

1930
For Sale

$3,975,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Traverse City commercial real estate market incorporates 108,322 square feet of office space across 22 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Traverse City commercial real estate market includes 65,853 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Traverse City market, there is a total of 20,584 square feet of industrial property.

The listing inventory in Traverse City incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Traverse City is represented by Industrial space, which accounts for 58,774 square feet of available listings. Office space available in Traverse City adds up to 54,717 square feet.

Meanwhile, most of the listings of commercial property for sale in Traverse City are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Traverse City is $20.54 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Traverse City can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Traverse City, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $29 per square foot. In particular, the property type commanding the highest lease rates in Traverse City was Office space.

The average size of a commercial property in Traverse City depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Traverse City, the average size of an office property is 8,333 square feet.
Retail properties here incorporate an average of 5,987 square feet.
Industrial space in Traverse City is in buildings that are, on average 10,292 square feet in size.

Traverse City, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Traverse City currently add up to 146,201 square feet. The market offers 14 active office listing(s), which amount to 54,717 square feet and account for 50% of commercial spaces on the market. Local retail availability includes 32,710 square feet across 8 retail space(s). Industrial space for rent opportunities in Traverse City amount to 58,774 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	14	54,717
Retail	8	32,710
Industrial	5	58,774

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Traverse City, MI. Currently, there is 305,056 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 8 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	8	73,285
Retail	8	83,945
Industrial	1	15,000
Other	15	132,826

Traverse City, MI Commercial Real Estate for Lease and Sale

224 Circle Dr

8597 E Bingham Rd

931 Duell Rd

1133 W South Airport Rd

Fresh Coast Market

274 N US Highway 31 S

4051 Cedar Run Road

1288 W. South Airport Rd.

806 Hastings St

912 W Front St

333 W Grandview Pkwy, Unit 1, 2, & 5 (Ste 110, 111, & 302)

110 S Madison St

Auto-Owners Insurance Building

2325 Sybrant Rd

1764 Forest Ridge Dr

118 E Front St

3945 S Blue Star Drive, Traverse City, MI, 49685

806 Hastings St

Zimmerman Rd

333 W Grandview Pkwy, Unit 3D - Suite 200

120 E Front St

415 E Front St

707 Parsons Rd

3720 Elmer's Industrial Dr

806 Hastings St

Front Row Center

Frequently Asked Questions

Traverse City, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Traverse City, MI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Traverse City, MI?

What factors affect the price of commercial real estate in Traverse City, MI?

What is the average rent for commercial space in Traverse City, MI?

What are the best areas for commercial real estate in Traverse City, MI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Traverse City, MI?

Traverse City, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us