Custom Steel Warehouse
3032 Luxury Barn Lane, Traverse City, MI 49685
For Sale
$119,900
Commercial, Traverse City, MI
Property Size1,200 SF
Price / SF$99.92
Days on Market422
Property Features for 3032 Luxury Barn Lane
General Information
Property type
Property subtype
Zoning description
Parking features
Exterior features
Lot features
Directions
Subdivision
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
HOA Fee
Building Details
Building materials
Roof type
Listing Agency:
Key Realty One-TC
(231) 559-0351
Listed By:
Jennifer Kreta · License MI #6501421253
(231) 492-4062
Added: Sep 15, 2025
Changed: Nov 4
Last Checked: Nov 10 at 1:06PM
MLS# 1938604
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.
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Investment Insights
Based on property information with market context.
This warehouse property at 3032 Luxury Barn Lane features a steel exterior, metal roofing, concrete slab flooring, and finished steel on the interior ceiling and front wall. The building measures 1,200 square feet, with 14' 4" sidewalls and a 12x12 insulated overhead door operated by an electric opener. A separate front entry includes keypad access and Lockguard security protection, while the front elevation incorporates real stone and protective bollards.
Building systems include 200-amp electrical service, ceiling fans, owner-managed gas and electric meters, R-50 ceiling insulation, and additional perimeter foam insulation. The property also includes attic access, a four-foot owners apron, and assigned parking. Located in Traverse City, Michigan, the warehouse is identified for commercial utilization and is constructed with steel materials.
Building systems include 200-amp electrical service, ceiling fans, owner-managed gas and electric meters, R-50 ceiling insulation, and additional perimeter foam insulation. The property also includes attic access, a four-foot owners apron, and assigned parking. Located in Traverse City, Michigan, the warehouse is identified for commercial utilization and is constructed with steel materials.
Key Highlights
- 1,200‑square‑foot warehouse with 30' x 40' dimensions
- 14' 4" sidewalls and a 12x12 insulated overhead door
- 200‑amp electrical service with full build‑out package and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,550
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,000
$191.0K
Cap Rate 7%
$136,429
$136.4K
Cap Rate 9%
$106,111
$106.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$12.0K $9.96/SF
− Vacancy
−$717 −$0.60/SF
EGI
$11.2K $9.36/SF
− OpEx
−$1.7K −$1.40/SF
NOI
$9.5K $7.96/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,000
Cap Rate 7%
$136,429
Cap Rate 9%
$106,111
Alternative Uses
Best Use
Warehouse
$136.4K
$119.4K – $159.2K
NOI $9,550 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Traverse City, MI
Properties on Market for Warehouses in Traverse City
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- M37 Round About Barns — 3067 Lucky Dog Lane, Blair Township, MI 49685
- Eastfield Storage South — 3767 Blair Townhall Rd, Traverse City, MI 49685
- Blair Self Storage — 2791 M-37 South, Traverse City, MI 49685
Frequently Asked Questions
What type of property is this?
Warehouse - Steel construction, insulated finishes, and dedicated electrical service support commercial 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 $119,900.
What are key features of this property?
This property features: 1,200‑square‑foot warehouse with 30' x 40' dimensions; 14' 4" sidewalls and a 12x12 insulated overhead door; 200‑amp electrical service with full build‑out package and ceiling fans
