Insulated Warehouse with Two Garage
New
For Sale
$249,900
3034 Man Cave Lane, Traverse City, MI 49685
Commercial, Traverse City, MI
Property Size2,000 SF
Price / SF$124.95
Days on Market4
Property Features for 3034 Man Cave Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Assigned
Exterior features
Steel
Lot features
Corner Lot
Directions
7 miles south of Traverse City on M-37, or 2 miles south of Chum's Corners. Located at the second roundabout coming from Traverse City. Property is on the south/east side of the road on the corner of M-37 and W Blair Townhall Rd.
Subdivision
Grand Traverse
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Tax Description
M-37 ROUND ABOUT BARNS SITE CONDO UNIT 40 2022C-00014 MASTER DEED SPLIT/COMBINED ON 05/06/2022 FROM 02-021-006-01
HOA Fee
$467 Annually
Legal Description
M-37 ROUND ABOUT BARNS SITE CONDO UNIT 40 2022C-00014 MASTER DEED SPLIT/COMBINED ON 05/06/2022 FROM 02-021-006-01
Building Details
Building materials
Steel, Frame
Roof type
Metal
Listing Agency:
Key Realty One-TC
(231) 559-0351
Listed By:
Jennifer Kreta · License #6501421253
(231) 492-4062
Added: Oct 2
Last Checked: Oct 5 at 8:06PM
MLS# 1951243
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.
Investment Insights
Based on property information with market context.
This 2,000-square-foot warehouse measures 40 feet by 50 feet, with 16-foot-4-inch sidewalls. Construction includes steel exterior and interior finishes, R-19 wall insulation, and R-50 ceiling insulation. The concrete floor has an epoxy finish and crack-relief cuts, with a 4-foot apron. Two powered garage doors and a keypad-controlled entry door provide building access.
At 3034 Man Cave Lane in Traverse City, the property has 200-amp electrical service, ceiling fans, and a 120,000 BTU natural gas unit heater with exhaust and thermostat. Utility meters are owner managed. A 500-gallon water tank connects to a sink.
At 3034 Man Cave Lane in Traverse City, the property has 200-amp electrical service, ceiling fans, and a 120,000 BTU natural gas unit heater with exhaust and thermostat. Utility meters are owner managed. A 500-gallon water tank connects to a sink.
Key Highlights
- 2,000‑square‑foot warehouse; 40' wide by 50' long
- 16' 4" sidewalls; R‑19 walls and R‑50 ceiling insulation
- Two 12x14 insulated garage doors with electric openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,916
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,320
$318.3K
Cap Rate 7%
$227,371
$227.4K
Cap Rate 9%
$176,844
$176.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$19.9K $9.96/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$18.7K $9.36/SF
− OpEx
−$2.8K −$1.40/SF
NOI
$15.9K $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%
$318,320
Cap Rate 7%
$227,371
Cap Rate 9%
$176,844
Alternative Uses
Best Use
Warehouse
$227.4K
$199.0K – $265.3K
NOI $15,916 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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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 - The building combines insulated construction, epoxy-finished concrete flooring, 200-amp electrical service, and natural gas heat.
Where is this warehouse located?
The property is located at 3034 Man Cave Lane Traverse City, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,000‑square‑foot warehouse; 40' wide by 50' long; 16' 4" sidewalls; R‑19 walls and R‑50 ceiling insulation; Two 12x14 insulated garage doors with electric openers
