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    Industrial Property with Dual Access Title is generated by Realmo AI

    1500 Barlow St, Traverse City, MI 49684

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    Claim this Listing
    New
    For Sale
    $4,950,000

    Industrial-zoned site with multiple buildings and dual access, supporting flexible warehouse, yard, and light industrial uses.

    Type:Commercial
    Property size:
    54,000 SF
    Lot size:
    4.50 Acres
    Price / SF:
    $91/SF
    Added:
    Jun 4, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:49 am

    Property Features for 1500 Barlow St

    General Information

    Standard status
    Active
    Size
    54,000 SF
    Lot size
    4.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Gordon Liechti

    Listing agent Gordon Liechti

    Listing office The Mitten Real Estate Group

    Listing date Jun 4, 2026

    Source Elliman

    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 The Mitten Real Estate Group

    HighLights

    • 4.5‑acre industrial‑zoned property at 1500 Barlow Street with dual access between Barlow Street and Woodmere Avenue
    • General Mixed‑Use Industrial (I‑G) zoning with additional Light Industrial (I‑L) flexibility for warehouse/distribution, contractor yards, light manufacturing, and service operations
    • Improved site with approximately 54,000 SF across eight buildings providing a mix of warehouse, industrial, and office space
    • Some buildings are currently leased, offering interim utility and income potential while retaining long‑term flexibility
    • Year built: 1970

    Overview

    The offering is a 4.5-acre industrial-zoned property improved with approximately 54,000 square feet across eight buildings. The site includes a mix of warehouse, industrial, and office space, with a portion of the buildings currently leased. The configuration supports a range of operational needs, including facilities that may require warehouse and industrial space paired with yard or service functions.

    The property is positioned between Barlow Street and Woodmere Avenue, with excellent ingress/egress and dual access. The site is zoned General Mixed-Use Industrial (I-G) with additional Light Industrial (I-L) flexibility. According to the provided remarks, the zoning permits a range of uses including warehouse/distribution, contractor yards, light manufacturing, and service operations, with many uses permitted by right.

    This property is best suited for owner-users, contractors, or developers looking for a flexible industrial site with existing buildings that can be used in the near term. While it is not presented as a traditional stabilized investment, the combination of scale, zoning flexibility, and access supports multiple planning scenarios, including yard-oriented uses, multi-tenant occupancy, or redevelopment planning.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cordwood BBQ — 448 E Front St, Traverse City, MI 49686

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6067037
    Latitude
    44.7426706

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    FAQs

    What type of property is this?
    Flex space - Industrial-zoned site with multiple buildings and dual access, supporting flexible warehouse, yard, and light industrial uses.
    Where is this flex space located?
    The property is located at 1500 Barlow St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: 4.5‑acre industrial‑zoned property at 1500 Barlow Street with dual access between Barlow Street and Woodmere Avenue; General Mixed‑Use Industrial (I‑G) zoning with additional Light Industrial (I‑L) flexibility for warehouse/distribution, contractor yards, light manufacturing, and service operations; Improved site with approximately 54,000 SF across eight buildings providing a mix of warehouse, industrial, and office space
    (231) 944-3156
    We can help!
    Listing Contact
    Gordon Liechti
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1500 Barlow St, GarfieldCharterTownship_GrandTraverse, MI 49684
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