Three-Suite Office
For Sale
$750,000
1753 Barlow Street, Traverse City, MI 49686
A month-to-month office tenancy occupies a building configured for subdivision into separate workspaces.
Property Size4,212 SF
Days on Market10
Property Features for 1753 Barlow Street
General Information
Standard status
Active
Size
4,212 SF
Property subtype
Office
Additional Details
Office Units
3
Tenant in Place
Yes
Property Use
Office
Amenities
dedicated server room
ethernet wired to every office
Wi-Fi-enabled remote thermostats
signage rights on Barlow
Building Details
Building Size
4,212 SF
Year Built
1986
Buildings
1
Tenancy
Single
Listing Agency:
Coldwell Banker Schmidt Realtors
Listed By:
Dan Stiebel · License #6506040160
(231) 633-0432
Source:
Cbcworldwide
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 30 at 10:24AM
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 Coldwell Banker Schmidt Realtors
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Investment Insights
Based on property information with market context.
This 1986 office building is leased to one tenant on a month-to-month basis and can be divided into three suites. Each suite has a separate entrance, address, and restroom; interior partitions are non-load-bearing. Building features include a dedicated server room, ethernet connections in every office, and remotely controlled Wi-Fi thermostats.
The property is in Traverse City near S. Airport Road, with signage rights on Barlow Street. The lot includes ample parking and space for an addition or a separate warehouse building.
The property is in Traverse City near S. Airport Road, with signage rights on Barlow Street. The lot includes ample parking and space for an addition or a separate warehouse building.
Key Highlights
- Three potential office suites, each with its own entrance, address, and restroom
- Leased to a single office tenant on a month‑to‑month basis
- Non‑load‑bearing interior walls allow layout changes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,111
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,220
$902.2K
Cap Rate 7%
$644,443
$644.4K
Cap Rate 9%
$501,233
$501.2K
Market Conditions
NOI Build-Up for 4,212 SF
Gross rent
$70.8K $16.80/SF
− Vacancy
−$10.6K −$2.52/SF
EGI
$60.1K $14.28/SF
− OpEx
−$15.0K −$3.57/SF
NOI
$45.1K $10.71/SF
Area
Grand Traverse County, MI
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,220
Cap Rate 7%
$644,443
Cap Rate 9%
$501,233
Alternative Uses
Best Use
Office B
$644.4K
$563.9K – $751.9K
NOI $45,111 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$915.0K
$800.6K – $1.07M
NOI $64,049 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
759
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A month-to-month office tenancy occupies a building configured for subdivision into separate workspaces.
Where is this office building located?
The property is located at 1753 Barlow Street Traverse City, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three potential office suites, each with its own entrance, address, and restroom; Leased to a single office tenant on a month‑to‑month basis; Non‑load‑bearing interior walls allow layout changes
