Industrial Flex Space with
New
For Sale
$365,000
1414 Trade Centre Drive, Traverse City, MI 49696
Commercial, Traverse City, MI
Property Size2,540 SF
Lot Size0.23 Acres
Price / SF$143.70
Days on Market2
Property Features for 1414 Trade Centre Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Industrial, Office, Retail, Commercial, Manufacture/Warehouse, Automotive Service
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Exterior features
Steel
Lot features
Industrial Park
Directions
From W Hammond Rd, head south on LaFranier Rd 0.1 mi, turn left on Trade Centre Dr and go 0.2 mi to property on the left. Unit is in the far left (NW) corner closest to Hammond Rd.
Subdivision
Grand Traverse
Standard status
Active
Size
2,540 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Partial taken from tax record: UNIT 13, HAMMOND COMMERCE CENTRE II-2ND AMENDMENT, GRAND TRAVERSE CO CONDOMINIUM SUBD PLAN NO 395, SEC 26, T27N R11W.
Tax Annual Amount
7439
HOA Fee
$2,970 Annually
Legal Description
Partial taken from tax record: UNIT 13, HAMMOND COMMERCE CENTRE II-2ND AMENDMENT, GRAND TRAVERSE CO CONDOMINIUM SUBD PLAN NO 395, SEC 26, T27N R11W.
Building Details
Building materials
Steel
Roof type
Metal
Listing Agency:
REMAX Bayshore - West Shore Dr TC · RE/MAX International
(231) 941-4500
Listed By:
Tommy Corbett · License #6501406353
(617) 515-9707
Added: Oct 15
Last Checked: Oct 16 at 11:06AM
MLS# 1951647
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.
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Investment Insights
Based on property information with market context.
Built in 2017, this 2,540-square-foot flex unit contains 1,185 square feet of finished office space and 1,355 square feet of warehouse and storage area. The office includes an open reception or showroom area, a conference room, a private executive office and an accessible restroom. Warehouse features include 16-foot ceilings, a 12-by-14-foot overhead door, LED lighting and fire suppression. The property is steel-built, has a metal roof and is zoned I-G General Industrial.
The corner unit is located at 1414 Trade Centre Drive in Hammond Commerce Centre, off Hammond Road between Garfield and LaFranier. The association maintains the shared paved parking.
The corner unit is located at 1414 Trade Centre Drive in Hammond Commerce Centre, off Hammond Road between Garfield and LaFranier. The association maintains the shared paved parking.
Key Highlights
- 2,540 SF total, including 1,185 SF of finished office and 1,355 SF of warehouse/storage
- 16' ceilings and a 12'x14' overhead door in the warehouse
- Office includes an open showroom or reception area, conference room, private executive office and accessible restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,203
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,060
$544.1K
Cap Rate 7%
$388,614
$388.6K
Cap Rate 9%
$302,256
$302.3K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$42.7K $16.80/SF
− Vacancy
−$6.4K −$2.52/SF
EGI
$36.3K $14.28/SF
− OpEx
−$9.1K −$3.57/SF
NOI
$27.2K $10.71/SF
Area
Grand Traverse County, MI
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,060
Cap Rate 7%
$388,614
Cap Rate 9%
$302,256
Alternative Uses
Best Use
Office B
$388.6K
$340.0K – $453.4K
NOI $27,203 @ 7.0% cap · market cap 7.45%
Second Best
Flex RnD
$373.8K
$327.1K – $436.1K
NOI $26,164 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$551.8K
$482.8K – $643.7K
NOI $38,624 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office 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 - Finished office space and a separate warehouse area provide distinct work and storage functions.
Where is this flex space located?
The property is located at 1414 Trade Centre Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,540 SF total, including 1,185 SF of finished office and 1,355 SF of warehouse/storage; 16' ceilings and a 12'x14' overhead door in the warehouse; Office includes an open showroom or reception area, conference room, private executive office and accessible restroom
