2364 Traversefield Drive,Traverse City, MI 49686
Traverse City, MI 49686
Description
Three West Commercial is pleased to present 2364 Traversefield Drive, a 42,000 SF industrial warehouse on 5.40 acres in Traverse City's Traversefield Enterprise Place. The building features a clear-span 350' Ã- 120' floor plate with 28' eaves, and a 2012 renovation added a 2,160 SF finished office suite â" reception, showroom, private offices, break room â" with a storage mezzanine above and a dedicated public entry. Loading is handled through a ±5,000 SF covered dock with two dock-height doors and a grade-level drive-in, and the fully sprinklered building carries heavy power and 125 psf floor loads. The property is leased triple-net through March 2027 at well below market rent, so the asset produces income from day one: an investor gains a built-in runway to re-lease at market with significant yield upside, while an owner-user can collect rent while planning a 2027 occupancy. The site also supports future expansion, with a ±5,000 SF office addition already contemplated on the site plan.
Details
| MLS # | 80071262 |
|---|---|
| Listing Type | For Lease |
| Style | Commercial |
| Status | Accepting Backup Offers |
| Year | 1999 |
| Days On Site | 73 |
| Listing Provided By | Three West, LLC | Kevin Endres |
Features
| SQ Feet | 47,625 |
|---|---|
| Zoning | Industrial |
| Acreage | 5.46 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
Exterior
| Roof | Metal |
|---|---|
| Security Features | Fire Sprinkler System |
| Construction Materials | Block, Steel Siding |
| Foundation Details | Slab |
Parking
| Parking Features | 21+ Spaces, Parking Lot |
|---|
Utilities
| Utilities | Natural Gas Connected, Sewer Connected, Water Connected |
|---|
Other
| List Aor | Aspire North REALTORS |
|---|
Area Information
| State | MI |
|---|---|
| County | Grand Traverse |
| City | Traverse City |
| Zip Code | 49686 |
| Area | Garfield Twp (28005) |
| Listing VS Median (in 49686) | |
Price: $9 low | high Med: $335,000 sqft: 47,625 low | high Med: 897 $ / sqft: $0 low | high Med: $373 On site: 73 low | high Med: 98.5 | |
Market Activity 49686
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Learn More About This Property
| State | MI |
|---|---|
| County | Grand Traverse |
| City | Traverse City |
| Zip Code | 49686 |
| Area | Garfield Twp (28005) |
| Listing VS Median (in 49686) | |
Price: $9 low | high Med: $335,000 sqft: 47,625 low | high Med: 897 $ / sqft: $0 low | high Med: $373 On site: 73 low | high Med: 98.5 | |