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Creative Studio Suite
For Lease
$27 SF/Yr

818 Red Drive, Traverse City, MI 49684

Open-plan workspace features natural light and windows facing The Village Square.

Space SizeContact for details
Property Size900 SF
Days on Market900

Property Features for 818 Red Drive

General Information

Standard status Active
Size 900 SF
Zoning Commercial

Additional Details

Space Use Office

Building Details

Building Size 900 SF
Year Built 1917
Construction mid-century modern
Listing Agency: Three West, LLC
Listed By: Kevin Query · License #6502433236
Source: Centralmirealty
Added: May 21, 2024 Changed: Nov 4 Last Checked: Nov 4 at 2:47PM

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.

This 900-square-foot commercial suite in Building 61 at The Commons is configured as open-area studio space. Classic windows bring in natural light and look onto The Village Square. The property dates to 1917 and is zoned Commercial.

The suite is at 818 Red Drive in Traverse City, within the historic Grand Traverse Commons. Access to facilities and amenities at The Commons is available.

Key Highlights

  • 900‑square‑foot open‑area studio suite
  • Classic windows provide natural light and face The Village Square
  • Located in Building 61 at the Grand Traverse Commons, 818 Red Drive, Traverse City

Property Analytics

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

Current Use

Housing North Charitable Organization Gen Shepherd - Raymond ... Financial Advisor Schweitzer Capital Group, ... Financial Advisor Table Health | Traverse ... Medical Clinic Cunningham-Limp Development Co. Construction Company

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Big Box & Wholesale Store HVAC Service Parking Lot & Garage

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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,399
Businesses Nearby

Demographics for 49684, MI

22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Creative space - Open-plan workspace features natural light and windows facing The Village Square.
Where is this creative space located?
The property is located at 818 Red Drive Traverse City, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: 900‑square‑foot open‑area studio suite; Classic windows provide natural light and face The Village Square; Located in Building 61 at the Grand Traverse Commons, 818 Red Drive, Traverse City
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