101 N Park Street $5,500,000


    101 N Park Street Traverse City, MI 49684

    • 0.32 Acres
    • Commercial
    MLS# 1841483 | Active


    Request Info
    Days On Market: 483 145 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    In the heart of downtown Traverse City, MI. Built and maintained by Darga Works this is a free standing mixed use building with gorgeous views of Grand Traverse Bay from the second floor. Property I.D. 28-51-700-220-00 for the second floor. Wide open space on the second floor with reconfiguration ability. Private elevator off Park Street side. Includes 3 bathrooms with and without showers and a break room, mail room and enormous amounts of storage. Second floor square footage is 12,070. The first floor is 2070 square feet and there is an existing 3 year lease in place with an option. TAX I.D. for the first floor is 28-51-700-102-00. CAM rate is $4.82 per square foot and includes upkeep of the common area, elevators, windows and heat. Covered parking is available on first come basis directly across intersection from building.

    • 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


    Matthew Dakoske

    Team Leader

    RE/MAX Bayshore

    Cell: 231-590-7722


    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

    $299,999 Median Sales Price
    25 Homes Sold
    63 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,500,000
        11/29/2018 1:31:16 AM Status Changed Source New Value: Active
        11/26/2018 2:31:27 PM Status Changed Source New Value: Extend
        11/22/2018 1:31:19 AM Status Changed Source New Value: Active
        11/19/2018 2:31:33 PM Status Changed Source New Value: Price Change
        11/19/2018 2:31:33 PM Price Reduced Source New Value: $5,500,000 -30.38%
        12/22/2017 6:47:00 PM New in Database Source New Value: $7,900,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.