Custom Truss Flex
3042 Luxury Barn Lane Traverse City, MI 49685
3042 Luxury Barn Lane, Traverse City, MI, 49685
$149,900
For Sale
$149,900
COMMERCIAL - Traverse City, MI
Property Size1,200 SF
Price / SF$124.92
Days on Market331
Property Features for 3042 Luxury Barn Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Assigned
- Exterior features
- Steel
- Standard status
- Active
- Size
- 1,200 SF
Building Details
- Building materials
- Steel, Under Construction
- Roof type
- Metal
Listing agency
Key Realty One-TC
(517) 827-2120
Listed by
Jennifer Kreta · License #6501421253
(231) 492-4062
Added: Aug 26, 2025 Updated: Jul 2 at 9:37AM Checked: Jul 22 at 2:06AM
MLS# 1937953
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This owner-ready commercial flex barn features a custom truss framing system with 30-by-40 building dimensions and 14' 4" sidewall height. Exterior improvements include Typar or similar guard wrap, house wrap, and a 4 mil clear polyethylene vapor barrier with additional 2-inch foam on the perimeter, along with Kynar 500 paint upgrade and exterior steel siding. The interior includes white finished steel on the ceiling and front wall with attic access. A concrete slab floor is included with pressure crack relief cuts and a full 4-foot owner’s apron, plus an epoxy floor treatment and a 200-amp electrical service.
The structure includes a 12x12, 2-inch thick R16.4 flat panel insulated door with an electric garage door opener, and a 1 commercial front access door with keypad access and lockguard security protection. Roof insulation is listed as R-50, and the property has a mini-split system for heat and A/C. The front includes real stone, garage door bollards described as cement-filled painted poles to help prevent dings, and an owner-managed utility meter for electric.
Designed for straightforward use without additional readiness steps, this building supports a range of small commercial, storage, or light flexible uses where a slab-on-grade footprint, insulated envelope, and provided power and climate control are important.
The structure includes a 12x12, 2-inch thick R16.4 flat panel insulated door with an electric garage door opener, and a 1 commercial front access door with keypad access and lockguard security protection. Roof insulation is listed as R-50, and the property has a mini-split system for heat and A/C. The front includes real stone, garage door bollards described as cement-filled painted poles to help prevent dings, and an owner-managed utility meter for electric.
Designed for straightforward use without additional readiness steps, this building supports a range of small commercial, storage, or light flexible uses where a slab-on-grade footprint, insulated envelope, and provided power and climate control are important.
Key Highlights
- Commercial custom truss steel building under construction: 30' wide x 40' long x 14' 4" tall
- 5x6 spaced 8' o.c. sidewalls and endwell posts approximately 8' o.c.; trusses 4 o.c. with 4/12 60 GS design
- Includes exterior wrap system: Typar or similar guard wrap, house wrap, and 4 mil clear polyethylene vapor barrier plus 2‑inch foam on perimeter
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $17.04 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $19.0k | $15.85 |
| − OpEx | −$6.7k | −$5.55 |
| NOI | $12.4k | $10.30 |
1,200 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 8.25%
Second Best
Industrial
$99.9K
$87.4K – $116.6K
NOI $6,993 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Owner-ready custom commercial barn built with insulated roof, mini-split HVAC, and a 12x12 insulated overhead door.
Where is this flex space located?
The property is located at 3042 Luxury Barn Lane Traverse City, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Commercial custom truss steel building under construction: 30' wide x 40' long x 14' 4" tall; 5x6 spaced 8' o.c. sidewalls and endwell posts approximately 8' o.c.; trusses 4 o.c. with 4/12 60 GS design; Includes exterior wrap system: Typar or similar guard wrap, house wrap, and 4 mil clear polyethylene vapor barrier plus 2‑inch foam on perimeter
