Updated Light-Filled Office
830 - 102 Cottageview Drive Traverse City, MI 49684
830 - 102 Cottageview Drive, Traverse City, MI, 49684
$625,000
For Sale
$625,000
COMMERCIAL - Traverse City, MI
Property Size2,703 SF
Price / SF$231.22
Days on Market349
Property Features for 830 - 102 Cottageview Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Exterior features
- Brick
- Standard status
- Active
- Size
- 2,703 SF
Taxes and HOA fees
- Tax Description
- UNIT 102 SOUTHVIEW CONDOMINIUM IN THE VILLAGE AT GRAND TRAVERSE COMMONS, A SITE CONDOMINIUM[..]MASTER DEED RECORDED IN LIBER 2004C PAGE 00053 AND AMENDMENT[..]RECORDED IN 2005C-00095[..]AND DESIGNATED AS GRAND TRAVERSE CO CONDO SUB PLAN 251(full in docs)
Building Details
- Building materials
- Brick, Block
- Roof type
- Asphalt
Listing agency
EXP Realty
(888) 501-7085
Listed by
Shelby Newhouse-Taplin
(231) 570-9227
Added: Aug 8, 2025 Updated: Jul 14 at 5:15AM Checked: Jul 22 at 8:06PM
MLS# 1937357
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 updated office suite offers a turnkey interior with seven private offices, a large open bull-pen area, a reception area, a conference room, and a kitchenette. The space is set up with all-new cubicles and stand-up desks included, along with existing furniture described as part of the cubicle systems. Improvements noted since 2022 include fresh paint throughout, new carpet, refinished hardwood floors, a new dishwasher, and updated cubicle systems and furniture. Large 8-foot windows bring in significant natural light.
Located within Grand Traverse Commons in Traverse City, the office is positioned in a mixed-use setting described as walkable to boutique shops, cafes, restaurants, breweries, wineries, hiking trails, and botanical gardens. Free onsite parking is available for occupants and visitors.
The suite is currently configured with one tenant occupying only part of the space, creating flexibility for an owner-user or an investor. HOA regulations allow residential use only on upper levels, so the space must remain commercial. With its light-filled layout and ready-to-operate setup, the property is well suited for businesses that want multiple private offices, a conference room, and an open work area under one roof.
Located within Grand Traverse Commons in Traverse City, the office is positioned in a mixed-use setting described as walkable to boutique shops, cafes, restaurants, breweries, wineries, hiking trails, and botanical gardens. Free onsite parking is available for occupants and visitors.
The suite is currently configured with one tenant occupying only part of the space, creating flexibility for an owner-user or an investor. HOA regulations allow residential use only on upper levels, so the space must remain commercial. With its light-filled layout and ready-to-operate setup, the property is well suited for businesses that want multiple private offices, a conference room, and an open work area under one roof.
Key Highlights
- Commercial office suite in Grand Traverse Commons with 7 private offices, large bull‑pen area, conference room, reception, and kitchenette
- Updated since 2022 with new carpet, refinished hardwood floors, fresh paint, and new dishwasher
- Includes all‑new cubicle systems and furniture, plus stand‑up desks in the open bull‑pen area
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 | $45.4k | $16.80 |
| − Vacancy | −$6.8k | −$2.52 |
| EGI | $38.6k | $14.28 |
| − OpEx | −$9.6k | −$3.57 |
| NOI | $28.9k | $10.71 |
2,703 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.2K
$513.8K – $685.1K
NOI $41,103 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATI Physical Therapy
Physician
Trattoria Stella
Restaurant
Bay Area Recycling ...
Waste Management Facility
Traverse City State ...
Tour Operator
KAYLA BRYANT
Physician
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FAQs
What type of property is this?
Office units - Move-in ready office suite with private offices, conference space, cubicles, and kitchen area, plus free onsite parking.
Where is this office units located?
The property is located at 830 - 102 Cottageview Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Commercial office suite in Grand Traverse Commons with 7 private offices, large bull‑pen area, conference room, reception, and kitchenette; Updated since 2022 with new carpet, refinished hardwood floors, fresh paint, and new dishwasher; Includes all‑new cubicle systems and furniture, plus stand‑up desks in the open bull‑pen area
