3639 Cass Road Traverse City, MI 49685
COMMERCIAL - Traverse City, MI
Property Features for 3639 Cass Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Exterior features
- Wood, Stone
- Standard status
- Active
- Size
- 5,038 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Description
- PT SW1/4 NE1/4 SEC 15 T27N R11W COM AT CTR POST SEC 15 TH N 19 DEG 08'21"E 591.67' TO POB TH N 15 DEG 51'42" E 150.06' TH N 21 DEG 29'49"E 142.89' TH S 64 DEG 23'05" E 124.49' TH S 26 DEG 37'14" W 250.9' TH N 89 DEG 29'16" W 93.21' TO POB.
Building Details
- Building materials
- Block, Frame
- Roof type
- Membrane
Listing agent David Frost License #6501203019 (231) 929-2955
Listing office Three West, LLC 1131 E Eighth Street, Traverse City, MI (231) 929-2955
Listing date Jul 9, 2025
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.
The building is located in the Traverse City area and described as centrally located on a main connection road. Its position on a primary roadway is intended to support visibility and convenient access for customers, staff, and business visitors.
With approximately half the building leased, the property may appeal to an owner-occupant who wants to move into vacant space while retaining rental income from the occupied portion. It may also be of interest to buyers looking for a mixed-use occupancy structure within a remodeled commercial office asset. The listing notes that the property would likely work well for SBA financing, which can help simplify lending options for qualified buyers and operators.
Key Highlights
- 5,038 SF office building recently remodeled and zoned Commercial
- Half the building is currently leased, with the other half vacant
- Located in the Traverse City area on a main connection road
Local Financial Insights For Office B
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 | $84.6k | $16.80 |
| − Vacancy | −$12.7k | −$2.52 |
| EGI | $71.9k | $14.28 |
| − OpEx | −$18.0k | −$3.57 |
| NOI | $54.0k | $10.71 |
