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707 Parsons Rd
5,408 SF of Retail Space Available in Traverse City, MI 49686
Highlights
- New exterior and interior finishes
- High-visibility building & location
- On-site parking
- Flexible space for various user types
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste B | 5,408 SF | Negotiable | £16.82 /SF/PA £1.40 /SF/MO £181.08 /m²/PA £15.09 /m²/MO £90,977 /PA £7,581 /MO | Modified Gross |
1st Floor, Ste B
Now offering a freshly renovated flex space to the Traverse City market. This property offers a seamless blend of industrial functionality, retail visibility, and modern finishes - all while being centrally located in Traverse City. Whether you're seeking an industrial workspace, a stylish retail outlet, or a professional office environment, this property can effortlessly accommodate your vision.
- Listed rate may not include certain utilities, building services and property expenses
- New exterior and interior finishes
- On-site parking
- High-visibility building & location
- Flexible space for various user types
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 707 Parsons Rd , Traverse City, MI 49686
| Property Type | Retail | Year Built/Renovated | 1997/2024 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3/1,000 SF |
| Gross Internal Area | 8,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Internal Area | 8,000 SF |
| Year Built/Renovated | 1997/2024 |
| Parking Ratio | 3/1,000 SF |
About the Property
Now offering a freshly renovated flex space to the Traverse City market. This property offers a seamless blend of industrial functionality, retail visibility, and modern finishes - all while being centrally located in Traverse City. Whether you're seeking an industrial workspace, a stylish retail outlet, or a professional office environment, this property can effortlessly accommodate your vision.
Nearby Major Retailers
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707 Parsons Rd
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