Flex Space With High-Clear
For Sale
$549,900
1-1393 Industry Dr, Traverse City, MI 49696
Office, storage, and vehicle-access areas support a range of light-industrial and service-oriented operations.
Property Size5,150 SF
Price / SF$106.78
Days on Market53
Property Features for 1-1393 Industry Dr
General Information
Standard status
Active
Size
5,150 SF
Listing Agency:
Krause Realty Solutions
Listed By:
Brittney Brayton
(231) 360-0112
Source:
Exprealty
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 19 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Krause Realty Solutions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,150-square-foot flex property combines office, storage, and garage areas within a practical commercial layout. The office component includes five private offices, a break room, two bathrooms, and a laundry room. Approximately 1,500 square feet of storage is located above the office area, while the 70-by-50-foot garage provides 18-foot ceilings and two 16-foot overhead doors.
Nine designated parking spaces serve employees and visitors. The configuration can support operations involving storage, distribution, light manufacturing, equipment, vehicles, or service work, subject to applicable requirements. The property is scheduled to become available October 1, 2026, at 1-1393 Industry Dr, Traverse City, MI.
Nine designated parking spaces serve employees and visitors. The configuration can support operations involving storage, distribution, light manufacturing, equipment, vehicles, or service work, subject to applicable requirements. The property is scheduled to become available October 1, 2026, at 1-1393 Industry Dr, Traverse City, MI.
Key Highlights
- 5,150 SF flex property with office, storage, and garage areas
- Five private offices, break room, two bathrooms, and dedicated laundry room
- Approximately 1,500 SF of storage above the office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,984
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,680
$819.7K
Cap Rate 7%
$585,486
$585.5K
Cap Rate 9%
$455,378
$455.4K
Market Conditions
NOI Build-Up for 5,150 SF
Gross rent
$51.3K $9.96/SF
− Vacancy
−$3.1K −$0.60/SF
EGI
$48.2K $9.36/SF
− OpEx
−$7.2K −$1.40/SF
NOI
$41.0K $7.96/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,680
Cap Rate 7%
$585,486
Cap Rate 9%
$455,378
Alternative Uses
Best Use
Flex RnD
$757.8K
$663.1K – $884.2K
NOI $53,049 @ 7.0% cap · market cap 9.65%
Second Best
Warehouse
$585.5K
$512.3K – $683.1K
NOI $40,984 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.12M
$978.9K – $1.31M
NOI $78,313 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Gabe's Old Fashioned Foods — 2259 Traversefield Dr, Traverse City, MI 49686
Frequently Asked Questions
What type of property is this?
Flex space - Office, storage, and vehicle-access areas support a range of light-industrial and service-oriented operations.
Where is this flex space located?
The property is located at 1-1393 Industry Dr Traverse City, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 5,150 SF flex property with office, storage, and garage areas; Five private offices, break room, two bathrooms, and dedicated laundry room; Approximately 1,500 SF of storage above the office area
