Insulated Flex
For Lease
$8.76-$9.80 SF/Yr
615 W Commerce Drive, Traverse City, MI 49695
Each unit has an overhead door, floor drains, an oil separator and a hanging heater.
Space Size5,940 SF - 11,940 SF
Days on Market964
Property Features for 615 W Commerce Drive
General Information
Standard status
Active
Size
5,940 SF - 11,940 SF
Net Rentable
5,940 SF
Zoning
Industrial, Commercial
Space & Availability
Available Space
5,940-11,940 SF
Contiguous Space
11,940 SF
Divisible
Yes
Lease Terms
Lease Rate
$0.73 /SF/MO
Monthly Rent
$4,850-$8,750
Rent per SF/Year
$8.76-$9.80
Warehouse & Industrial
Clear Height
16 ft
Warehouse Heated
Yes
Additional Details
Utilities to Site
Yes
Building Details
Building Size
9,000 SF
Year Built
2022
Buildings
1
Construction
pole frame
Listing Agency:
James A Schmuckal, REALTOR
Listed By:
James Schmuckal · License #6504075391
(231) 620-2260
Source:
Centralmirealty
Added: Mar 18, 2024
Changed: Nov 4
Last Checked: Nov 4 at 2:41PM
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 James A Schmuckal, REALTOR
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Investment Insights
Based on property information with market context.
Built in 2022, this flex property uses pole-frame construction with 16-foot side walls. The units are fully insulated and have steel-skin walls and ceilings. Each includes an overhead door, one bathroom, floor drains, an oil separator and a hanging heater.
Municipal water and sewer, natural gas and underground utilities serve the property. Tenants may lease individual units or the entire building. New owners are required to join the master deed condominium association and share its costs.
Municipal water and sewer, natural gas and underground utilities serve the property. Tenants may lease individual units or the entire building. New owners are required to join the master deed condominium association and share its costs.
Key Highlights
- Pole‑frame construction with 16‑foot side walls
- Each unit has an overhead door, one bathroom, floor drains and an oil separator
- Insulated units feature steel‑skin walls and ceilings with hanging heaters
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.39 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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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 27% below the average of $12.71 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Each unit has an overhead door, floor drains, an oil separator and a hanging heater.
Where is this flex space located?
The property is located at 615 W Commerce Drive Traverse City, MI.
What is the lease rate?
The lease rate is $8.76 SF/Yr.
What are key features of this property?
This property features: Pole‑frame construction with 16‑foot side walls; Each unit has an overhead door, one bathroom, floor drains and an oil separator; Insulated units feature steel‑skin walls and ceilings with hanging heaters
