Converted Office Suite with
4020 Copper View Traverse City, MI 49684
4020 Copper View, Traverse City, MI, 49684
$575,000
For Sale
$575,000
COMMERCIAL - Traverse City, MI
Property Size2,300 SF
Price / SF$250
Days on Market1883
Property Features for 4020 Copper View
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Garage
- Exterior features
- Brick
- Standard status
- Active
- Size
- 2,300 SF
Taxes and HOA fees
- Tax Description
- UNIT 2 SUITE 12 and 15 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
- Roof type
- Metal
Listing agency
Phoenix Property Partners
(231) 342-3775
Listed by
Ashley Rokos · License #6502424094
(231) 342-3775
Added: May 28, 2021 Updated: Jul 2 at 9:38AM Checked: Jul 23 at 9:06AM
MLS# 1888022
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 2,300-square-foot office suite has been converted into individual office units and is currently leased. The space includes a large reception area, seven private offices, a conference room, a kitchen, and an additional kitchenette, supporting a range of professional office needs within one coordinated suite layout.
The property offers on-site parking with two private parking spaces located in the parking garage. Copper Ridge is positioned to serve the downtown business corridor and Munson Hospital while emphasizing parking convenience through generous parking lots, along with views.
For buyers or investors seeking an office asset already arranged for separate tenants, the current configuration provides defined working spaces and shared common entry through the reception area. The inclusion of conference and kitchen features can help support day-to-day operations for multiple tenant types, while the private garage parking can be a practical benefit for occupants.
The property offers on-site parking with two private parking spaces located in the parking garage. Copper Ridge is positioned to serve the downtown business corridor and Munson Hospital while emphasizing parking convenience through generous parking lots, along with views.
For buyers or investors seeking an office asset already arranged for separate tenants, the current configuration provides defined working spaces and shared common entry through the reception area. The inclusion of conference and kitchen features can help support day-to-day operations for multiple tenant types, while the private garage parking can be a practical benefit for occupants.
Key Highlights
- 2,300 SF office suite converted into individual office suites, all leased and fully leased at this time
- Leased layout includes large reception area plus 7 private offices and a conference room
- Includes kitchen and a kitchenette
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 | $38.6k | $16.80 |
| − Vacancy | −$5.8k | −$2.52 |
| EGI | $32.8k | $14.28 |
| − OpEx | −$8.2k | −$3.57 |
| NOI | $24.6k | $10.71 |
2,300 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.9K
$307.9K – $410.6K
NOI $24,633 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 6.08%
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 - Fully leased office suite configured with multiple private offices, reception space, and garage parking.
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 $575,000.
What are key features of this property?
This property features: 2,300 SF office suite converted into individual office suites, all leased and fully leased at this time; Leased layout includes large reception area plus 7 private offices and a conference room; Includes kitchen and a kitchenette
