Custom Truss Flex
3032 Luxury Barn Lane Unit 37 Traverse City, MI 49685
3032 Luxury Barn Lane Unit 37, Traverse City, MI, 49685
$122,900
For Sale
$122,900
Owner-ready flex barn with insulated electric roll-up door, 200-amp service, and concrete slab floor.
Property Size1,200 SF
Price / SF$102.42
Days on Market447
Property Features for 3032 Luxury Barn Lane Unit 37
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2025
Listing agency
Key Realty One-TC
(231) 492-4062
Listed by
Jennifer Kreta · License #6501421253
(231) 492-4062
Source
Xome
Added: May 2, 2025 Updated: Jul 22 at 7:10AM Checked: Jul 22 at 7:10AM
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 Key Realty One-TC
Investment Insights
Based on property information with market context.
This custom-truss flex barn features dimensions of 30 feet wide by 40 feet long with 14 feet 4 inches tall sidewalls. The building includes a reinforced truss and ceiling system, owner-furnished exterior wrap and insulation elements, and a finished interior ceiling and front wall with white finished steel plus attic access. Interior improvements include a concrete slab floor with pressure crack relief cuts and a full 4-foot owner’s apron area, along with R-50 ceiling insulation. There is a 12x12 insulated flat-panel door with an electric garage door opener, and a separate commercial front access door with keypad access and Lockguard Security Protection. The exterior includes exterior steel siding and real stone on the front.
The property is located at 3032 Luxury Barn Lane Unit 37 in Traverse City, Michigan, and is described as owner-managed for utilities with separate gas and electric metering.
The building’s electrical package provides a 200-amp electrical service and includes ceiling fans, with the utility meters managed by the owner. The exterior also notes pressure-conscious protection elements and perimeter insulation improvements.
The property is located at 3032 Luxury Barn Lane Unit 37 in Traverse City, Michigan, and is described as owner-managed for utilities with separate gas and electric metering.
The building’s electrical package provides a 200-amp electrical service and includes ceiling fans, with the utility meters managed by the owner. The exterior also notes pressure-conscious protection elements and perimeter insulation improvements.
Key Highlights
- Newly built 2025 flex barn with metal roof and concrete slab floor
- 30' x 40' x 14' 4" tall building; 5x6 spaced sidewalls with endwell posts approx. 8' o.c.
- Insulated electric roll‑up door: 12' x 12', 2‑inch thick R16.4 flat panel insulated door with electric opener
Local Financial Insights For Industrial
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 | $10.8k | $9.00 |
| − Vacancy | −$810 | −$0.68 |
| EGI | $10.0k | $8.33 |
| − OpEx | −$3.0k | −$2.50 |
| NOI | $7.0k | $5.83 |
1,200 SF · lease $9.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 10.06%
Second Best
Industrial
$99.9K
$87.4K – $116.6K
NOI $6,993 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Cousin Jenny's Cornish Pasties — 222 E State St Suite 102, Traverse City, MI 49684
- Forrest, A Food Studio and Private Chef — 408 s union st, traverse city, mi 49684
- Cordwood BBQ — 448 E Front St, Traverse City, MI 49686
- Across the Board Provisions — 215 w eighth st apt b, traverse city, mi 49684
- Guacamole Food Truck — 404 N Division St, Traverse City, MI 49684
FAQs
What type of property is this?
Flex space - Owner-ready flex barn with insulated electric roll-up door, 200-amp service, and concrete slab floor.
Where is this flex space located?
The property is located at 3032 Luxury Barn Lane Unit 37 Traverse City, MI.
What is the asking price?
The asking price for this property is $122,900.
What are key features of this property?
This property features: Newly built 2025 flex barn with metal roof and concrete slab floor; 30' x 40' x 14' 4" tall building; 5x6 spaced sidewalls with endwell posts approx. 8' o.c.; Insulated electric roll‑up door: 12' x 12', 2‑inch thick R16.4 flat panel insulated door with electric opener
