The median home value in Traverse City, MI is $400,200.
This is
higher than
the county median home value of $160,000.
The national median home value is $308,980.
The average price of homes sold in Traverse City, MI is $400,200.
Approximately 55% of Traverse City homes are owned,
compared to 36% rented, while
10% are vacant.
Traverse City real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Traverse City real estate agent to arrange a tour today!
Learn more about Traverse City.
Unique opportunity to purchase the iconic Milliken Medical property located right next to Munson Medical Center in the heart of Traverse City's hospital district. Featuring over 17,500 SF on approximately 0.91 acres, with an additional 0.45 acre parking lot parcel right down the street included as well (1.36 acres in total). This property is perfect for continued medical office use, multi-family redevelopment, or any number of other options allowed under the coveted H-1 zoning. The first floor of the building is approximately 11,955 SF and features numerous exam rooms & offices, waiting and reception areas, 6 restrooms, and a beautiful courtyard in the center of the building. The second floor is approximately 5,585 SF in total and features 4 medical office suites with a dedicated restroom in each suite. The membrane roof is approximately 5 years old. Two elevators servicing building and two large parking lots accommodating up to 84 vehicles in total between two parcels. Two separate basements total an additional 9,000 SF providing great storage space.
Own a one-of-a-kind property and very well equipped building for office, agricultural or other uses with lots of great features in Southern Leelanau County, and very close to Traverse City. Much of the building has been recently remodeled - there's limited commercial use possible, or agricultural zoning rules apply. As a partial two-story building with steel i-beam construction, three bathrooms, offices, and big clean warehouse space, it's easy to have separate spaces leased to tenants, or an owner could use some and rent others. The building has an all new interior and is downright sharp! On the exterior, the driveway was just redone, the septic and well systems are updated, there's a security system in place, large 14 foot doors, and a very useful and very rare loading dock right next to the building as well. This is a great setup for many different uses, and LAND CONTRACT options are available too!
Possibilities Limited only by Garfield Township C-G General Commercial Zoning ! Example: Vehicle Service Center, Vehicle Dealerships, Essential Services Facility, Retail, Wholesaler! Building includes 4 offices, 12 and 16 foot ceilings and overhead doors, Tons of outdoor parking, storage areas and interior workshop areas. Highly visible 150 feet of N US 31 South Frontage and Signage
LOCATION, LOCATION, LOCATION" proximity to Eastside, Westside, Downtown/North and South are unbeatable! EXCEPTIONAL traffic count and prominent road visibility! Nice tenant mix of professional office space. GREAT site for INVESTOR LANDLORD owner or PERFECT fit for an OWNER OCCUPANT, with room to grow while collecting rent (and flexibility exists with timeframe on occupying). Site has great possibilities, in exciting developing corridor. Vibrant area with a lot of positives and possibilities. Possible site for additional development. Property is situated on corner lot with wonderful road exposure and great parking. Start your day with views of Boardman Lake from the lot; several offices also have beautiful nature views. Building boast of fresh finishes, several new mechanical units and other recent upgrades.
LOCATION, LOCATION, LOCATION" proximity to Eastside, Westside, Downtown/North and South are unbeatable! EXCEPTIONAL traffic count and prominent road visibility! Nice tenant mix of professional office space. GREAT site for INVESTOR LANDLORD owner or PERFECT fit for an OWNER OCCUPANT, with room to grow while collecting rent (and flexibility exists with timeframe on occupying). Site has great possibilities, in exciting developing corridor. Vibrant area with a lot of positives and possibilities. Possible site for additional development. Property is situated on corner lot with wonderful road exposure and great parking. Start your day with views of Boardman Lake from the lot; several offices also have beautiful nature views. Building boast of fresh finishes, several new mechanical units and other recent upgrades.
LOCATION, LOCATION, LOCATION" proximity to Eastside, Westside, Downtown/North and South are unbeatable! EXCEPTIONAL traffic count and prominent road visibility! Nice tenant mix of professional office space. GREAT site for INVESTOR LANDLORD owner or PERFECT fit for an OWNER OCCUPANT, with room to grow while collecting rent (and flexibility exists with timeframe on occupying). Site has great possibilities, in exciting developing corridor. Vibrant area with a lot of positives and possibilities. Possible site for additional development. Property is situated on corner lot with wonderful road exposure and great parking. Start your day with views of Boardman Lake from the lot; several offices also have beautiful nature views. Building boast of fresh finishes, several new mechanical units and other recent upgrades.
Two contiguous development parcels in the heart of downtown Traverse City. Situated in the 400 Block of S. Union in Old Town TC these parcels have onsite parking and are 1/2 block from the city run Old Town parking deck. A full 100 feet of street frontage in a C-2 development district they are ready for your commercial-residential development. Surrounded by dining, retail, banking, and a major downtown pharmacy this site is waiting for residential community housing.
If you are looking for a commercial location that is centrally located in Traverse City, in a bustling strip mall complex, close to the airport, sports venues, near multiple new housing complexes, with an average 21,000 cars passing by every day, look no further. The building is 5,133 square feet making it perfect for multiple uses including restaurant, micro brewery, amusement/recreation services, equipment rental, medical services, finance services, pet boarding/grooming, repair services and much more. Inside, you'll find a fully equipped kitchen, booths, tables, chairs, bar area, banquet space and outside patio. The sale also comes with a class C liquor license. The building has a capacity of 190 people. Schedule a tour today.
This vacant parcel is pad ready for an Industrial/Warehouse development. Located in the Hammond Commerce Center, the property is equipped with public roads, public water, public sewer, natural gas and internet. Located close to the Hammond Rd/Garfield Rd intersection which provides access in all directions to the region. Opportunity for discount with combined purchase of 1.12 AC parcel directly to the south, available for a package price of $250,500.
This 2.3 Acre vacant parcel is uniquely located adjacent to the airport in an established Commercial Business Park. Located in the desirable Aero Park development, the property is equipped with public utilities and roads. A location close to the airport and downtown Traverse City significantly increases the desirability and value of this commercial property.
This vacant parcel is pad ready for an Industrial/Warehouse development. Located in the Hammond Commerce Center, the property is equipped with public roads, public water, public sewer, natural gas and internet. Located close to the Hammond Rd/Garfield Rd intersection which provides access in all directions to the region.
Welcome to this remarkable property that offers endless possibilities. Enjoy the Grandfathered R1b zoning perfect for an office or retail space. Located in the heart of Traverse City, this property benefits from excellent visibility and accessibility. The open layout of the building is perfect for setting up offices or a retail store. With the full kitchen, Bedrooms and 1.5 baths, You could even live on site while running your business. The possibilities are endless! This is a must see for anyone looking for a new location for the business! This type of property does not come available very often!
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 20,000sf two story retail/office building.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 30,000sf office building plus a basement level parking garage.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 30,000sf office building plus a basement level parking garage.
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
This is a fantastic redevelopment opportunity directly on Front Street, where the value lies in the land. It comes with engineered plans for a cutting-edge project featuring twelve luxury condos, each about 1,400 square feet. Three out of twelve units are eligible for STR. There's also 3,000 square feet of flexible commercial space on the ground floor that could be used for retail or common space for condominium owners: gym, shared workspace, lounge, etc., and a huge rooftop lounge perfect for relaxing. We've crunched the numbers and see a potential sellout value of $15 million. You'll need to wrap up some additional engineering before breaking ground. Do your own due diligence to determine your comfort level with the project.
A versatile location with an eye on the future and West Bay! This 2,538 sq ft building with a 20 space parking lot offers new ownership an almost endless list of possibilities! The current office use is updated and well kept, featuring 2 conference rooms, ADA accessible half bathroom, kitchenette, and sizable reception/waiting area. Additionally there are 7 offices with 3 offering beautiful water views. The substantial basement provides excellent additional storage. Future options abound at this location! The building has 2 addresses/frontages leaving options open to reconfigure into multiple ventures! Furthermore, current zoning permits up to 4 stories. Imagine year round unobstructed views of West Bay! No matter your calling; this TC treasure is worth a look! The website www.traversecitymi.gov/government/city-departments/planning-and-zoning/ provides Traverse City zoning information. Shown by appointment only. Real estate only for sale; please do not approach business/employees occupying location about this listing.
Introducing M-37 Round About Barns, a truly unique ownership opportunity. These are Borkholder Craftsman, Custom Truss Commercial Buildings Size: 40' wide X 50' long X 16' 4" tall Sidewalls: 4ply 2x6 spaced 8' o.c. Endwell Posts: Approximately 8' o.c. Trusses: 4 o.c. 4/12 60 GS w/ ceiling load. Includes the following: Typar or similar Guard Wrap House Wrap & 4 mil Clear polyethylene vapor barrier, w additional 2-inch foam on perimeter. Kynar 500 Paint Upgrade with Exterior Premiere Steel Siding, 29G Ultra Rib Max with Wanes Coating. Interior walls covered with white finished steel, attic access and Full Broadcast Epoxy Floors. Twin 12x14 High Quality, 2-inch thick R16.4 Flat Panel Insulated Door with electric garage door opener. 1 Commercial front access door with keypad access and Lockguard Security Protection. Real Stone on the front of the Luxury Barns. Garage Door Bollards (cement filled and painted poles to prevent dings and guide). Concrete slab floor, with pressure crack relief cuts and a full 4-foot owners aprons. Fully Insulation Construction: Walls R-19, Ceiling R-50. 200-amp electrical service with full build out electric package and ceiling fans. Owner managed utility meters, gas and electric. Fully constructed for heat with 120,000 BTU Natural Gas hanging unit, exhaust and thermostat installed. Heat upgrades or complete allowance deduction available before construction or pre-built. This has a straight shot of 400-foot asphalt right into TWIN 14-foot-tall doors, perfect for the largest toys or assets. This has a straight shot of 400-foot asphalt right into TWIN 14-foot-tall doors, perfect for the largest toys or assets.
If you've dreamed of owning a downtown bar/restaurant, look no further! The Thirsty Fish Sports Grille remains open for business leading into another busy summer in 2024, and is now offering a new owner the opportunity to take the wheel and steer this local favorite into the future! Featuring a covered outdoor bar, complete with a stage (live music allowed) and outdoor bar/table seating, as well as an indoor dining room/bar with TVs/jukebox/Keno, and a commercial kitchen. Listing includes the business, liquor & food licenses, furniture/fixtures/equipment, and assumption of the existing lease. (*Business for sale only, does not include real estate.)
Amazing development and/or revitalization opportunity in central Traverse City! This high-visibility 1.58-acre property combines flexible zoning and 300' of frontage on the Boardman River for endless opportunities. Recreational uses surround this iconic property, including public access to the TART Trail and its new Boardman Lake Loop, the Boardman Lake Kayak Launch, with the backdrop of Medalie Park to the north and east and the Boardman River to the west. Currently, the property's various suites include former restaurants and active retail/office uses, with plenty of parking and some green space along the river. Zoning (Garfield Twp's C-G zoning) allows a wide variety of uses. Bring your ideas to this unique property and create a new Traverse City icon!
Incredible unobstructed views of Grand Traverse Bay from this prime development site on high traffic commercial cooridor with great visibility. Currently there is a 15,682 SF building on the property with 2 driveways and plenty of parking. The site is 1.5 acres. The TART trail runs along the back of the property and there is a large outdoor play structure on the property. This is a great redevelopment opportunity for retail, hospitality, restaurant, office, multi-family and more. The existing building could be used as is, split into multiple businesses, added onto, or removed. Land is zoned Commercial Corridor allowing for mixed use development. Size of existing building taken from tax record and to be confirmed by buyer.
Medical Office Building - 11,486 Sq/Ft. Main Level is 6,187 Sq/Ft. Walkout Lower Level is 5,299 Sq/Ft and Features a Large Open Area w/Picture Windows providing lots of natural light. Excellent for Physical Therapy, Patient Assessments, Gym Related Activities! Current tenant (month to month) is utilizing the lower level (some lab space), and approx. 2/3's of the main floor. The owner is using approx. 1/3 of the main floor & shared common areas. Owner leaseback is negotiable or buyer could use the entire building if needed. Many individual offices of various sizes. Close to Munson Hospital surrounded by a variety of Medical Practices.
High Traffic Traverse City Location - Great investment opportunity to own a Commercial/Retail building with a long term tenants already established. Building has two rental units. Near Cherry Capital Airport. High traffic count location!
Bardon's Wonder Freeze, a cherished Traverse City tradition since the 1950s. Situated at the prime corner of Front and Garfield, captivates both locals and visitors alike with average daily traffic count in excess of 53,000 cars- yes a day! With a proven history of revenue generation and community engagement, this corner store has become an iconic landmark, embodying the spirit of the little ice cream store that could. Now, as the current owners reluctantly bid farewell after four highly successful years, seize the opportunity to take over this turnkey operation equipped with modern amenities, numerous updates, and a strong return on investment. Real Estate and Business are both included in this sale. Zoning is zoned C-3. C-3 uses include C-2 uses and C-2 uses include C-1 uses.