Industrial Flex Portfolio with
1500 Barlow Street Traverse City, MI 49684
1500 Barlow Street, Traverse City, MI, 49684
$4,950,000
For Sale
$4,950,000
COMMERCIAL - Traverse City, MI
Property Size54,000 SF
Lot Size4.50 Acres
Price / SF$91.67
Days on Market48
Property Features for 1500 Barlow Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Exterior features
- Aluminum, Brick, Block, Steel
- Standard status
- Active
- Size
- 54,000 SF
- Lot size
- 4.50 Acres
Taxes and HOA fees
- Tax Description
- LOT 36 S1/2 LOT 35 & N 23' LOT 37 & VACATED CRAWFORD ST ADJ LOT 35 HANNAH LAY & CO'S 15TH ADDN
- Tax Annual Amount
- 30216
Building Details
- Building materials
- Steel, Frame, 2x6 Framing
- Roof type
- Metal, Asphalt
Listing Agency
The Mitten Real Estate Group
(231) 421-1970
310 W Front Street, Ste. 411, Traverse City, MI
Listed by
Gordon Liechti
(231) 944-3156
Added: Jun 4 Updated: Jul 14 at 5:15 am Checked: Jul 21 at 12:06 am
MLS# 1946109
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.
This for-sale industrial-zoned property comprises approximately 54,000 square feet across eight buildings on 4.5 acres. The improvements include a mix of warehouse, industrial, and office space, and a portion of the buildings is currently leased. The site is suited to an owner-user or contractor operation that can take advantage of existing space while planning for longer-term occupancy or use changes.
The property is located at 1500 Barlow Street in Traverse City and is described as being positioned between Barlow Street and Woodmere Avenue with excellent ingress/egress and dual access. The site benefits from zoning that includes General Mixed-Use Industrial (I-G) with additional Light Industrial (I-L) flexibility.
The zoning is stated to support a range of uses, including warehouse/distribution, contractor yards, light manufacturing, and service operations. Many uses are described as permitted by right, which can help reduce entitlement timelines and development risk.
The property is located at 1500 Barlow Street in Traverse City and is described as being positioned between Barlow Street and Woodmere Avenue with excellent ingress/egress and dual access. The site benefits from zoning that includes General Mixed-Use Industrial (I-G) with additional Light Industrial (I-L) flexibility.
The zoning is stated to support a range of uses, including warehouse/distribution, contractor yards, light manufacturing, and service operations. Many uses are described as permitted by right, which can help reduce entitlement timelines and development risk.
Key Highlights
- 4.5‑acre industrial‑zoned site at 1500 Barlow Street with approximately 54,000 SF across eight buildings
- General Mixed‑Use Industrial (I‑G) zoning with additional Light Industrial (I‑L) flexibility for a range of industrial uses
- Dual access with excellent ingress/egress located between Barlow Street and Woodmere Avenue
Local Financial Insights For Warehouse
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 | $537.8k | $9.96 |
| − Vacancy | −$32.3k | −$0.60 |
| EGI | $505.6k | $9.36 |
| − OpEx | −$75.8k | −$1.40 |
| NOI | $429.7k | $7.96 |
54,000 SF · lease $9.96/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$7.95M
$6.95M – $9.27M
NOI $556,237 @ 7.0% cap · market cap 11.24%
Second Best
Warehouse
$6.14M
$5.37M – $7.16M
NOI $429,734 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$11.73M
$10.26M – $13.69M
NOI $821,146 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- west bay catering — 767 A Duell Rd, Traverse City, MI 49686
- Grandview Catering — 1249 Woodmere Ave, Traverse City, MI 49686
FAQs
What type of property is this?
Flex space - Multi-building industrial property totaling about 54,000 SF on 4.5 acres with I-G and I-L zoning flexibility.
Where is this flex space located?
The property is located at 1500 Barlow Street 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 site at 1500 Barlow Street with approximately 54,000 SF across eight buildings; General Mixed‑Use Industrial (I‑G) zoning with additional Light Industrial (I‑L) flexibility for a range of industrial uses; Dual access with excellent ingress/egress located between Barlow Street and Woodmere Avenue
