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    Unique Storage Condo Opportunity Title is generated by Realmo AI

    3032 Luxury Barn Lane, Traverse City, MI 49685

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    Claim this Listing
    For Sale
    $122,900

    Storage Condo - Traverse City, MI

    Property size:
    1,200 SF
    Price / SF:
    $102/SF
    Added:
    Sep 15, 2025
    Days on Market:
    276
    Last Refresh:
    Jun 17 at 6:06 am

    Property Features for 3032 Luxury Barn Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    1,200 SF

    Taxes and HOA fees

    Expense value
    358
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Year built
    2025
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Kreta

    Listing agent Jennifer Kreta

    Listing office Key Realty One-TC 310 W. Front Street, Ste.310F, Traverse City, MI

    Listing date Sep 15, 2025

    MLS# 1938604 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brand new (2025) commercial‑grade building, ready for immediate use.
    • High‑quality construction with Borkholder Craftsman and custom trusses.
    • Secure: Keypad access, Lockguard Security, garage door bollards.
    • Insulated: Benefit from R‑50 ceiling, R‑16.4 insulated door, vapor barrier, and 2‑inch perimeter foam.
    • Durable: Kynar 500 painted steel siding, real stone front.
    • 200‑amp electrical service with full build‑out package and ceiling fans.

    Overview

    M-37 Round About Barns presents a unique ownership opportunity with custom truss commercial buildings. Each unit measures 30 feet wide by 40 feet long, featuring 14-foot 4-inch sidewalls with 5x6 posts spaced 8 feet on center and endwell posts approximately 8 feet on center. Trusses are set at 4 feet on center with a 4/12 60 GS rating and ceiling load capacity. The buildings include Typar or similar guard wrap house wrap and a 4 mil clear polyethylene vapor barrier, along with an additional 2-inch foam on the perimeter. The exterior features Kynar 500 paint upgrade with Premiere Steel Siding, 29G Ultra Rib Max with wanes coating. The interior ceiling and front wall are covered with white finished steel, including attic access. Each unit is equipped with a 12x12 high-quality, 2-inch thick R16.4 flat panel insulated door with an electric garage door opener, and a commercial front access door with keypad access and Lockguard Security Protection. The front of the barns are finished with real stone and include garage door bollards. The concrete slab floor has pressure crack relief cuts and a full 4-foot owner's apron. Ceiling insulation is rated at R-50. Each unit has 200-amp electrical service with a full build-out electric package and ceiling fans. Owner-managed utility meters for gas and electric are in place, making the units ready for utilization. The property is located in Traverse City, MI.

    Local Financial Insights For Warehouse

    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 $12.0k $9.96
    − Vacancy −$717 −$0.60
    EGI $11.2k $9.36
    − OpEx −$1.7k −$1.40
    NOI $9.5k $7.96
    1,200 SF · lease $9.96/SF/yr · vacancy 6.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $136.4K
    $119.4K – $159.2K (±1% cap)
    NOI $9,550 @ 7.0% cap · market cap 7.77%
    Second Best
    Industrial
    $99.9K
    $87.4K – $116.6K (±1% cap)
    NOI $6,993 @ 7.0% cap · market cap 5.69%
    Theoretical Best
    Office A
    $260.7K
    $228.1K – $304.1K (±1% cap)
    NOI $18,248 @ 7.0% cap · market cap 14.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6206
    Latitude
    44.7632

    FAQs

    What type of property is this?
    Warehouse - Customizable storage condos in Traverse City, ready for utilization.
    Where is this warehouse located?
    The property is located at 3032 Luxury Barn Lane Traverse City, MI.
    What is the asking price?
    The asking price for this property is $122,900.
    What are key features of this property?
    This property features: Brand new (2025) commercial‑grade building, ready for immediate use.; High‑quality construction with Borkholder Craftsman and custom trusses.; Secure: Keypad access, Lockguard Security, garage door bollards.
    More about this property
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