10161 E Pickwick Court, Traverse City, MI 49684
Office Building - Traverse City, MI
- Added:
- Nov 24, 2025
- Days on Market:
- 200
- Last Refresh:
- Jun 12 at 8:06 pm
Property Features for 10161 E Pickwick Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Office,Commercial
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 2,843 SF
- Lot size
- 0.06 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2001
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ted Lockwood (231) 218-5186
Listing office REMAX Bayshore - Union St TC 500 S Union Street, Traverse City, MI (231) 941-4500
Listing date Nov 24, 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.
HighLights
- Prime location at the intersection of major Traverse City and Leelanau County corridors.
- Lower Elmwood Township property taxes while being close to town.
- Modern building with ample parking and barrier‑free entry with elevator access.
- Spacious layout including four private offices, large conference room, kitchen/break room, and versatile storage.
- Private bathroom within the unit, plus additional common bathrooms.
- Secure tech room and dedicated copy/print room.
Overview
Access is supported by ample nearby parking and a barrier-free entry. Elevator service provides convenient access to the quieter second-floor location. The suite also benefits from additional common bathrooms adjacent to the unit.
With its mix of reception, multiple private offices, and a conference room, this layout is well-suited for growing teams that want dedicated workspaces and meeting space in one suite. Administrative support functions are addressed through the copy/print room, while practical operational needs are covered by the secure tech room and in-suite storage. Zoning is listed as Office/Commercial, aligning with a broad range of office uses.
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 | $47.8k | $16.80 |
| − Vacancy | −$7.2k | −$2.52 |
| EGI | $40.6k | $14.28 |
| − OpEx | −$10.1k | −$3.57 |
| NOI | $30.4k | $10.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.650803
- Latitude
- 44.794329
