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Office Suite with Executive Offices
For Lease
$9 SF/Yr

1701 Park Drive, Traverse City, MI 49684

A first-floor office layout combines private offices, reception, and additional workspace for a staff of up to 12.

Space Size3,200 SF
Days on Market1138

Property Features for 1701 Park Drive

General Information

Standard status Active
Size 3,200 SF
Net Rentable 3,200 SF
Total Parking Spaces 15
Zoning Industrial, Other, Commercial, Manufactu

Space & Availability

Available Space 3,200 SF
Contiguous Space 3,200 SF
Floor 1
Space Use Office
Private Offices 6

Building Details

Building Size 3,200 SF
Year Built 1998
Listing Agency: Square Feet
Listed By: Michael Stimac · License #6504395249
Source: Centralmirealty
Added: Sep 26, 2023 Changed: Nov 4 Last Checked: Nov 4 at 3:03PM

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 Square Feet

Rey
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Investment Insights

Based on property information with market context.

This first-floor office suite offers approximately 3,200 square feet, with six executive offices, a reception area, and additional interior offices accommodating up to 12 staff. Large windows in the executive offices look onto a wooded outdoor setting. The building dates to 1998.

The property is at 1701 Park Drive in Traverse City, near the east shore of Boardman Lake. Zoning is listed as Industrial, Other, Commercial, Manufactu.

Key Highlights

  • Approximately 3,200 square feet of first‑floor office space
  • Six executive offices with large windows overlooking a wooded setting
  • Reception area and additional offices for up to 12 staff

Property Analytics

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Current Use

MFD Classic Motors Storage Facility MFD Motorsports Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center HVAC Service Parking Lot & Garage Electrical Service

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
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

774
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
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Market

Lease Benchmarks for Traverse City, MI

$24.34 /SF/Yr
Avg Asking Price
$12–$56.57 /SF/Yr
Price Range
4,035 SF
Avg Space Size

This space is priced 63% below the average of $24.34 /SF/Yr.

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?
Office unit - A first-floor office layout combines private offices, reception, and additional workspace for a staff of up to 12.
Where is this office unit located?
The property is located at 1701 Park Drive Traverse City, MI.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Approximately 3,200 square feet of first‑floor office space; Six executive offices with large windows overlooking a wooded setting; Reception area and additional offices for up to 12 staff
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