232 E State Street # Unit: A Traverse City, MI ^$ 950,000

232 E State Street # Unit: A

^$ 950,000

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Recently Listed New Construction

232 E State Street # Unit: A

Traverse City, MI, 49684

^$ 950,000

Bedrooms-- Baths-- Sq 2,270

Monthly Estimate*

^$ 5,849

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 1

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232 E State Street # Unit: A, Traverse City, MI 49684 - Image 3

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 4

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 5

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 6

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 7

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 8

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 9

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 10

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 11

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 12

232 E State Street # Unit: A, Traverse City, MI 49684 - Image 13

Commercial Property for sale in Traverse City, MI

for $950,000. This 2,270 square foot building was built in 2025 on a lot size of 0.16.

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.

Commercial Active

Price

^$ 950,000

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

0.16

Year Built

2025

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80068122

Features

General

Heating Forced Air

Cooling Central A/C

Possession At Close

Water Public Water

Status Active Active

Year Built 2025

Subdivision None MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name None

Ownership Private

Municipality Traverse City

Section 3

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Commercial Features ADA Accessible

Area Traverse City (28021)

Primary City Traverse City

Directions South side of E State St between Cass St and Park St.

City Traverse City

Financial Terms Cash Commercial Loan Conventional

Legal Description Part of UNIT 92 - BOARDWALK CONDO GTC CONDO SUB PLAN NO 517 2023C-00057 MASTER DEED FILED DECEMBER 12

DOM 1

Postal Code 49684

Price Per Sq Ft Total AG 418.5

Public Remarks Downtown investment opportunity in the heart of Traverse City Michigan. This 2 270 SF tenant occupied commercial condo space constructed in 2025

Exterior

Exterior Steel

Lot Size Area 0.16

Lot Dimensions 132 x 166

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Kevin Endres

Listing Agent

Three West, Llc

Broker

kendres@threewest.com

Affordability Calculator

$5,849

Per Month

Monthly Principal & Interest: $5,849
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$811,360

Percent of Sale Price 15%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/12/2026	$950,000		Listed Price

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232 E State Street # Unit: A, Traverse City, MI, 49684 is a Commercial Property for sale at $950,000 with 2,270 sqft and a lot size of 0.16. 232 E State Street # Unit: A was built in 2025. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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232 E State Street # Unit: A

Commercial Property for sale in Traverse City, MI

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