Commercial Opportunities
Office space, specialty shops, galleries, dining and more...
Without most state and local taxes!

A Destination...
The Village is a 24 hour neighborhood “experience” where people live, work, play and shop in a magnificent historic setting.  To date, thirty-eight professional offices are now open for business, and the enormously successful Trattoria Stella restaurant, Gallery Fifty, and Another Cuppa Joe, are the region’s favorite destination spots.

Visit the Business Directory page for a listing of the businesses currently residing in The Village.

In addition to the hundreds of people who live and work in The Village, thousands more are within walking distance. Munson Medical Center, the region’s largest employer, is adjacent to The Village campus, along with Pavilions Care Center, Traverse Bay Intermediate Schools Administration, local State offices, and more.

Location, Location…
A Northern Michigan landmark since 1886, The Village is a vibrant hub of residential, commercial and retail activity.  It is the largest historic preservation and adaptive re-use development in the nation, attracting a multiplicity of local, state and national businesses, retailers and investors who recognize the enormous potential of a project of this magnitude.  

Historic destinations have become one of the fastest growing travel markets in the country. In addition to The Village’s enormous historic appeal, it is located in a “Central Park” setting, where the natural attraction of the Grand Traverse Bay, miles of Michigan shoreline, ski resorts, first-class golf courses, and a world-class community attract millions of tourists to the area each year.

Offices and shops located in magnificent, century-old buildings with unparalleled architectural detailing have a magnetism and ambiance that can never be replicated by today’s construction methods. Commercial space is available from 100 ft² to 5,000 ft². So, from a small workplace or shop, to an expansive professional office or retail venture, the most desirable elements of a premier commercial marketplace are waiting for you in The Village at Grand Traverse Commons.

The Region's ONLY Michigan Tax-free Renaissance Zone!
Businesses in much of The Village can enjoy the benefits of being in a Michigan Tax-Free Renaissance Zone. This powerful economic tool is designed to spur investment in redevelopment projects like The Village. The yearly tax savings can be huge-- taxes that companies located in the zone do not pay are:

• Single business tax
• State income tax
• 6-mill state education tax
• Local personal property tax
• Local real property tax
• Local income tax
• Utility users tax

(Taxes still due are those mandated by the federal government, including Social Security tax, unemployment and workers’ compensation, or local bond obligations, sewer and water fees, as well as Michigan’s 6% sales tax.)

Locating your business in The Village Renaissance Zone is one of the easiest ways you can add to your bottom line. Brownfield Redevelopment Grant Credits may also apply to your business in The Village. Please consult the Michigan Economic Development Corporation (MEDC) web site and your tax advisor for more information as well.

NOTE: On January 1, 2003, this Renaissance Zone was expanded and its period reset by the State for a fresh 15 years, through 2017. We believe that investment in The Village is a significant addition to the local economy today, and will be a major part of the tax base after the life of the Renaissance Zone.

Historic Tax Credits
The Village may qualify for Historic Tax Credits. These federal and state financial incentives reward private investment in rehabilitating historic properties. This credit is earned on every dollar spent on federally certified historic rehabilitation.

With a 5% tax credit form the State of Michigan and 20% from the federal government, a total of 25% of rehabilitation costs may be earned by property owners in The Village. The bottom line: companies or individuals can invest in the redevelopment of The Village, and proportionately reduce their tax liability. Consult the National Park Service's Federal Historic Preservation Tax Incentives web site and your tax advisor for more information.*

A Site Condominium
The Village is a site condominium, meaning your business can purchase space within the various historic structures. A variety of lease options are available as well. 

Coming Soon...
Commercial space is also available in subsequent phases of redevelopment, and in other buildings located on The Village campus.  Information about availability will be posted here shortly.

*It is not advisable to make purchase decisions based solely on the information presented here. Please consult your tax advisor for details.