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Heated Flex Building with Overhead Doors
For Lease
$2,000/Mo

706 W Commerce Drive, Traverse City, MI 49685

Manufacture/warehouse zoning, a restroom, and a separate service entrance support a range of commercial operations.

Space Size2,400 SF
Days on Market908

Property Features for 706 W Commerce Drive

General Information

Standard status Active
Size 2,400 SF
Net Rentable 2,400 SF
Zoning Manufacture/Warehouse

Space & Availability

Available Space 2,400 SF
Contiguous Space 2,400 SF
Space Use Flex

Additional Details

Warehouse Heated Yes

Building Details

Building Size 2,400 SF
Year Built 2021
Listing Agency: Three West, LLC
Listed By: Kevin Endres · License #6505352968
Source: Centralmirealty
Added: May 13, 2024 Changed: Nov 4 Last Checked: Nov 4 at 2:19PM

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 Three West, LLC

Rey
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Investment Insights

Based on property information with market context.

Available for lease, this 2,400-square-foot flex building was constructed in 2021 and is heated. The layout includes two 14-foot overhead doors, a separate service door, and a restroom, with manufacture/warehouse zoning.

The property is in the Chums Village area of Traverse City, with access in multiple directions.

Key Highlights

  • 2,400‑square‑foot flex building, constructed in 2021
  • Two 14‑foot overhead doors and a separate service entrance
  • Heated building with a restroom

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

USA Insulation of Northern ... General Contractor Northern AutoSpa Car Wash GT-parts Waste Management Facility

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Spa & Massage Center Law Firm Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49685, MI

20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Traverse City, MI

$12.71 /SF/Yr
Avg Asking Price
$7.5–$24 /SF/Yr
Price Range
6,075 SF
Avg Space Size

This space is priced 21% below the average of $12.71 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Manufacture/warehouse zoning, a restroom, and a separate service entrance support a range of commercial operations.
Where is this flex space located?
The property is located at 706 W Commerce Drive Traverse City, MI.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 2,400‑square‑foot flex building, constructed in 2021; Two 14‑foot overhead doors and a separate service entrance; Heated building with a restroom
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