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Approved Office Development Pad
For Sale
$1,495,000

4240 Copper Vw, Traverse City, MI 49684

Vacant commercial land site approved for a 30,000 SF office building with basement parking garage within a professional center.

Property Size30,000 SF
Price / SF$49.83
Days on Market852

Property Features for 4240 Copper Vw

General Information

Standard status Active
Size 30,000 SF
Listing Agency: Phoenix Property Partners
Listed By: Ashley Rokos · License #6502424094
Source: Exprealty
Added: Apr 23, 2024 Changed: Aug 22 Last Checked: Aug 22 at 12:27PM

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 Phoenix Property Partners

Investment Insights

Based on property information with market context.

This offering is a vacant commercial land development pad at Copper Ridge Professional Center, positioned to support a new office project. The site is approved for a 30,000 SF office building, including a basement level parking garage.

Copper Ridge is described as convenient to the downtown business corridor and Munson Hospital while offering a less congested alternative to being directly downtown. The center also features generous parking lots, which can support tenant and visitor parking needs for an office development.

For buyers planning an office build, this parcel is specifically lined up for an office use with structured basement parking as part of the approved concept. The approval for the building and parking garage configuration can help streamline early development planning for an office owner-operator, developer, or investor pursuing a purpose-built workplace asset within the Copper Ridge Professional Center framework.

Key Highlights

  • Vacant commercial land site within a professional center
  • Approved for a 30,000 SF office building
  • Plan includes a basement‑level parking garage

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby

Demographics for 49684, MI

22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant commercial land site approved for a 30,000 SF office building with basement parking garage within a professional center.
Where is this commercial land located?
The property is located at 4240 Copper Vw Traverse City, MI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Vacant commercial land site within a professional center; Approved for a 30,000 SF office building; Plan includes a basement‑level parking garage
More about this property
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