Leased Office Suite with
For Sale
$372,000
225-4020 Copper Vw, Traverse City, MI 49684
Office suite features reception, conference room, private offices, kitchenette, and two garage parking spaces.
Property Size1,175 SF
Price / SF$316.60
Days on Market438
Property Features for 225-4020 Copper Vw
General Information
Standard status
Active
Size
1,175 SF
Total Parking Spaces
2
Listing Agency:
Phoenix Property Partners
Listed By:
Ashley Rokos · License #6502424094
(231) 342-3775
Source:
Exprealty
Added: Jul 25, 2025
Changed: Sep 10
Last Checked: Oct 4 at 4:42PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,584
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,680
$251.7K
Cap Rate 7%
$179,771
$179.8K
Cap Rate 9%
$139,822
$139.8K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$19.7K $16.80/SF
− Vacancy
−$3.0K −$2.52/SF
EGI
$16.8K $14.28/SF
− OpEx
−$4.2K −$3.57/SF
NOI
$12.6K $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%
$251,680
Cap Rate 7%
$179,771
Cap Rate 9%
$139,822
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
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
