Leased Office Suite with
225-4020 Copper Vw Traverse City, MI 49684
225-4020 Copper Vw, Traverse City, MI, 49684
$372,000
For Sale
$372,000
Office suite features reception, conference room, private offices, kitchenette, and two garage parking spaces.
Property Size1,175 SF
Price / SF$316.60
Days on Market226
Property Features for 225-4020 Copper Vw
General Information
- Standard status
- Active
- Size
- 1,175 SF
Listing agency
Phoenix Property Partners
(231) 342-3775
Listed by
Ashley Rokos · License #6502424094
(231) 342-3775
Source
Exprealty
Added: Dec 9, 2025 Updated: Jul 10 at 1:53PM Checked: Jul 22 at 7:06AM
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 Phoenix Property Partners
Investment Insights
Based on property information with market context.
This leased office suite offers a lobby/reception area, a large conference room, four private offices, and a kitchenette. The unit is configured for day-to-day professional use and includes two private parking spaces in the building’s parking garage.
The property is part of Copper Ridge, positioned for convenient access to the downtown business corridor and Munson Hospital while providing an alternative to downtown congestion. The setting includes generous parking lots and views, supporting easier arrival for clients and staff.
For buyers, this is an investment-oriented offering with existing tenancy in place through March 31, 2028. For businesses evaluating relocation or expansion, the space layout supports client-facing work in the reception and conference area, along with dedicated private office space for teams, with on-site parking included through the private garage spaces.
The property is part of Copper Ridge, positioned for convenient access to the downtown business corridor and Munson Hospital while providing an alternative to downtown congestion. The setting includes generous parking lots and views, supporting easier arrival for clients and staff.
For buyers, this is an investment-oriented offering with existing tenancy in place through March 31, 2028. For businesses evaluating relocation or expansion, the space layout supports client-facing work in the reception and conference area, along with dedicated private office space for teams, with on-site parking included through the private garage spaces.
Key Highlights
- 1,175 SF office suite currently leased through March 31, 2028
- Suite layout includes a lobby/reception area, large conference room, and 4 private offices
- Includes kitchenette space within the suite
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.7k | $16.80 |
| − Vacancy | −$3.0k | −$2.52 |
| EGI | $16.8k | $14.28 |
| − OpEx | −$4.2k | −$3.57 |
| NOI | $12.6k | $10.71 |
1,175 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office suite features reception, conference room, private offices, kitchenette, and two garage parking spaces.
Where is this office units located?
The property is located at 225-4020 Copper Vw Traverse City, MI.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: 1,175 SF office suite currently leased through March 31, 2028; Suite layout includes a lobby/reception area, large conference room, and 4 private offices; Includes kitchenette space within the suite
