1499 Business Park Drive Traverse City, MI 49686
COMMERCIAL - Traverse City, MI
Property Features for 1499 Business Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Exterior features
- Log Siding, Stone
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 4.55 Acres
Taxes and HOA fees
- Tax Description
- Lengthy see documents.
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent Kevin Endres License #6505352968 (231) 534-5225
Listing office Three West, LLC 1131 E Eighth Street, Traverse City, MI (231) 929-2955
Listing date Jul 13, 2026
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.
Investment Insights
Based on property information with market context.
The property is located in East Bay Township, minutes from downtown Traverse City, and sits on 4.55 wooded acres. Zoned Industrial within the Business Park corridor, the building supports a range of professional and institutional uses.
With its single-level layout and flexible common areas, the space can accommodate organizations seeking both private office space and larger rooms for meetings or activities. Recently installed mechanical systems were noted as completed in 2024.
Key Highlights
- 5,000 SF single‑story log‑sided office building built in 2003
- Set on 4.55 wooded acres in East Bay Township, just minutes from downtown Traverse City
- Recently installed mechanical systems in 2024
Local Financial Insights For Healthcare Medical
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 | $130.2k | $26.04 |
| − Vacancy | −$11.1k | −$2.21 |
| EGI | $119.1k | $23.83 |
| − OpEx | −$47.7k | −$9.53 |
| NOI | $71.5k | $14.30 |