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232 E State St - Boardwalk Suites & Residences by Kasa 2,034 - 2,849 SF Condo Units Offered at $610,000 - $950,000 Per Unit in Traverse City, MI 49684
Investment Highlights
- Long Term Tenant in Place
- Downtown Traverse City
- Newly Constructed
- Close to Parking Deck
Executive Summary
Downtown retail/office opportunity in the heart of Traverse City, Michigan. Two individually offered commercial condo spaces, Unit B at 2034 SF and Unit C at 2,849 SF, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City. Also available, commercial condo Unit A as a 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.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 28-51-164-092-00 |
| Sale Type | Investment |
| APN/Parcel ID | 28-51-164-092-00 |
Description
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.
Sale Notes
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.
| Sale Type | Investment or Owner User | APN/Parcel ID | 28-51-164-092-00 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 28-51-164-092-00 |
Description
Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,034 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.
Sale Notes
Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,034 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.
| Sale Type | Investment or Owner User | APN/Parcel ID | 28-51-164-092-00 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 28-51-164-092-00 |
Description
Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,849 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.
Sale Notes
Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,849 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A | 2,270 SF | Office | $950,000 ($418.50/SF) | - |
| Unit B | 2,034 SF | Office/Retail | $610,000 ($299.90/SF) | - |
| Unit C | 2,849 SF | Office/Retail | $854,000 ($299.75/SF) | - |
Unit A
| Unit Size |
| 2,270 SF |
| Condo Use |
| Office |
| Price |
| $950,000 ($418.50/SF) |
| NOI |
| - |
Unit B
| Unit Size |
| 2,034 SF |
| Condo Use |
| Office/Retail |
| Price |
| $610,000 ($299.90/SF) |
| NOI |
| - |
Unit C
| Unit Size |
| 2,849 SF |
| Condo Use |
| Office/Retail |
| Price |
| $854,000 ($299.75/SF) |
| NOI |
| - |
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit A
| Unit Size | 2,270 SF |
| Condo Use | Office |
| Price | $950,000 ($418.50/SF) |
| NOI | - |
| Sale Type | Investment |
| APN/Parcel ID | 28-51-164-092-00 |
| Description | |
| 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.</li></ul> | |
| Sale Notes | |
| 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.</li></ul> |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit B
| Unit Size | 2,034 SF |
| Condo Use | Office/Retail |
| Price | $610,000 ($299.90/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 28-51-164-092-00 |
| Description | |
| Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,034 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.</li></ul> | |
| Sale Notes | |
| Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,034 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.</li></ul> |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C
| Unit Size | 2,849 SF |
| Condo Use | Office/Retail |
| Price | $854,000 ($299.75/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 28-51-164-092-00 |
| Description | |
| Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,849 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.</li></ul> | |
| Sale Notes | |
| Downtown retail/office opportunity in the heart of Traverse City, Michigan. This 2,849 SF commercial condo space, constructed in 2025, offers an ideal canvas for retail or professional office space. With high visibility this property presents an exceptional prospect for those looking to capitalize on the dynamic landscape of Traverse City.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 74,638 SF | Floors | 5 |
| Property Type | Hospitality | Typical Floor Size | 15,000 SF |
| Property Subtype | Serviced Apartment | Year Built | 2025 |
| Building Class | B | Lot Size | 0.37 AC |
| Zoning | C-4c | ||
| Total Building Size | 74,638 SF |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 15,000 SF |
| Year Built | 2025 |
| Lot Size | 0.37 AC |
| Zoning | C-4c |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 87 | $402.00 | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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232 E State St - Boardwalk Suites & Residences by Kasa
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