Leased Office Suite with
4020 Copper View Traverse City, MI 49684
4020 Copper View, Traverse City, MI, 49684
$372,000
For Sale
$372,000
COMMERCIAL - Traverse City, MI
Property Size1,175 SF
Price / SF$316.60
Days on Market364
Property Features for 4020 Copper View
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Assigned, Parking Lot, Garage
- Exterior features
- Brick
- Standard status
- Active
- Size
- 1,175 SF
Taxes and HOA fees
- Tax Description
- UNIT 2 SUITE 6 COPPER RIDGE PROFESSIONAL CENTER TWO GRAND TRAVERSE CONDO SUBDIVISION PLAN NO. 200 REPLAT OF UNIT 2 COPPER RIDGE PROFESSIONAL CENTER GRAND TRAVERSE COUNTY CONDO PLAN NO. 148 SEC 9 T27N R11W (THIRD AMENDMENT)
Building Details
- Building materials
- Brick, Block, Steel
- Roof type
- Metal
Listing agency
Phoenix Property Partners
(231) 342-3775
Listed by
Ashley Rokos · License #6502424094
(231) 342-3775
Added: Jul 25, 2025 Updated: Jul 9 at 7:45AM Checked: Jul 23 at 8:06AM
MLS# 1936817
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 for-sale office suite totals 1,175 square feet and is currently leased through March 31, 2028. The space includes a lobby/reception area, a large conference room, four private offices, and a kitchenette. The suite is delivered with two private parking spaces located in the parking garage.
The property is part of Copper Ridge, which is positioned for convenience to both the downtown business corridor and Munson Hospital. The offering notes generous parking lots and views, providing an alternative to being directly in the downtown core.
For tenants or buyers seeking an office configuration that supports both client reception and internal collaboration, the layout provides dedicated private offices along with a conference room and kitchenette. The presence of private garage parking can also help streamline day-to-day access for occupants. Since the unit is already leased through the specified date, this space may also appeal to investors looking for an in-place tenancy and an established office setup.
The property is part of Copper Ridge, which is positioned for convenience to both the downtown business corridor and Munson Hospital. The offering notes generous parking lots and views, providing an alternative to being directly in the downtown core.
For tenants or buyers seeking an office configuration that supports both client reception and internal collaboration, the layout provides dedicated private offices along with a conference room and kitchenette. The presence of private garage parking can also help streamline day-to-day access for occupants. Since the unit is already leased through the specified date, this space may also appeal to investors looking for an in-place tenancy and an established office setup.
Key Highlights
- 1,175 SF office suite with lobby/reception, large conference room, 4 private offices, and a kitchenette space
- Unit is leased through March 31, 2028
- Comes with 2 private parking spaces in the parking garage
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 | $19.7k | $16.80 |
| − Vacancy | −$3.0k | −$2.52 |
| EGI | $16.8k | $14.28 |
| − OpEx | −$4.2k | −$3.57 |
| NOI | $12.6k | $10.71 |
1,175 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Heidi M. Hodek, ...
Law Firm
Matthew T. Hanley, ...
Law Firm
Amalfi Vein Center ...
Spa & Massage Center
Mi Physical Medicine, ...
Physician
Christina Richardson, DO ...
Medical Clinic
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FAQs
What type of property is this?
Office units - Office suite includes reception, conference room, four offices, kitchenette, and two parking spaces in a garage.
Where is this office units located?
The property is located at 4020 Copper View Traverse City, MI.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: 1,175 SF office suite with lobby/reception, large conference room, 4 private offices, and a kitchenette space; Unit is leased through March 31, 2028; Comes with 2 private parking spaces in the parking garage
