101 N Park Street $4,600,000


    101 N Park Street Traverse City, MI 49684

    • 0.32 Acres
    • Commercial
    MLS# 1841483 | Active
    Days On Market: 662 228 Views
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    Property Details

    This mixed-use building, built by DargaWorks, is located in the heart of downtown Traverse City and has gorgeous second floor views of Grand Traverse Bay and the city. The property consists of 12,070 square feet on the second floor (Property I.D. 28-51-700-220-00). The second floor is divided into downtown view and bay view spaces, with reconfiguration ability. Amenities include a private elevator off Park Street, two large bathrooms with showers, one half bath, break room, mail room, and large storage space. Both floors have existing leases in place. CAM rate of $4.82 per square foot includes upkeep of the common areas, elevators, windows, and heat. Covered city parking deck is available 400 feet away.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl No
      • Business Name Commerce at 101 N Park
      • Type of Ownership Private Owner
      • Approx Year Built 2010
      • Type Mixed Use
      • Town T 27N
      • Township Traverse City
      • Present Use Office Building
    • Building Features
      • Extras Sprinkler System
      • Foundation Poured Concrete
      • Heating Cooling Source Natural Gas
      • Roof Metal/Steel, Membrane
      • Heating Cooling Type Heat Pump
      • # Restrooms 3
      • Apx Total Fin SQFT 14,850
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Elevator
      • Road Public Maintained
      • Sewer Municipal
      • Parking Other
      • Exterior Features Stone, Brick
      • Construction Brick, Steel
      • Lot Dimensions irregular
      • Location Corner Lot, Freestanding
      • Appx Num Acres 0.32


    Don Fedrigon


    RE/MAX of Elk Rapids

    Cell: 231-218-8400


    49684 (Traverse City) Demographics

    42Median Age
    393Population Density (per sq. mile)
    45%College Educated
    $53,143 Estimated Median Income
    11,866Estimated Total Home Owners
    4,086Estimated Total Renters
    74% / 26%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    39,614Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $289,000 Median Sales Price
    35 Homes Sold
    49 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,600,000
        6/13/2019 4:31:19 AM Status Changed Source New Value: Active
        6/10/2019 5:31:40 PM Status Changed Source New Value: Extend
        5/27/2019 4:31:16 AM Status Changed Source New Value: Active
        5/24/2019 2:31:21 PM Status Changed Source New Value: Price Change
        5/24/2019 2:31:21 PM Price Reduced Source New Value: $4,600,000 -6.12%
        5/4/2019 4:31:25 AM Status Changed Source New Value: Active
        5/1/2019 11:31:20 AM Status Changed Source New Value: Price Change
        5/1/2019 11:31:20 AM Price Reduced Source New Value: $4,900,000 -10.91%
        12/22/2017 6:47:00 PM New in Database Source New Value: $5,500,000

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