Office Suite with Private
New
For Lease
$3,350/Mo
1624 Business Park Dr, Traverse City, MI 49686
A reception area, flexible rooms, and shared building amenities support a range of office layouts.
Space SizeContact for details
Days on Market5
Property Features for 1624 Business Park Dr
General Information
Standard status
Active
Class
A
Space & Availability
Space Use
Office
Sublease
Yes
Available From
Immediate
Private Offices
4
Amenities
private entrance
reception area
larger work area
kitchen/break room
restrooms
parking lot
Building Details
Year Built
2008
Listing Agency:
REO-TCRandolph-233022
Listed By:
Lexa Ferrill · License #6501431255
(231) 620-2008
Source:
Metrodetroithomeguide
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 4:32PM
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 REO-TCRandolph-233022
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Investment Insights
Based on property information with market context.
This 2,000-square-foot office suite in Peninsula Business Park was built in 2008. Its layout includes four private offices, two flex rooms that can serve as offices, conference rooms, or storage, and a larger area for cubicles or seating. A private entrance and reception area are also included. The suite is available for sublease.
The building has one other tenant, with a shared kitchen and break room, restrooms, and a large parking lot. The property is minutes from the airport and downtown Traverse City.
The building has one other tenant, with a shared kitchen and break room, restrooms, and a large parking lot. The property is minutes from the airport and downtown Traverse City.
Key Highlights
- 2,000‑square‑foot office suite built in 2008
- Four private offices and two flexible rooms
- Larger work area accommodates cubicles or seating
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.02 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
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Market
Lease Benchmarks for Traverse City, MI
$22.8 /SF/Yr
Avg Asking Price
$9–$56.57 /SF/Yr
Price Range
4,394 SF
Avg Space Size
This space is priced 12% below the average of $22.8 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, flexible rooms, and shared building amenities support a range of office layouts.
Where is this office unit located?
The property is located at 1624 Business Park Dr Traverse City, MI.
What is the lease rate?
The lease rate is $3,350/Mo.
What are key features of this property?
This property features: 2,000‑square‑foot office suite built in 2008; Four private offices and two flexible rooms; Larger work area accommodates cubicles or seating
