Craftsman Commercial Building with
3055 Man Cave Ln, Traverse City, MI 49685
Custom 1200 sq ft commercial building with premium features.
Type:Mixed Use
Property size:
1,200 SFPrice / SF:
$129/SF- Added:
- Mar 11, 2026
- Days on Market:
- 73
- Last Refresh:
- Mar 19 at 10:06 pm
Property Features for 3055 Man Cave Ln
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2023
Listing agent Jen Kreta License #MI
Listing office Key Realty Traverse City
Listing date Mar 11, 2026
Source Crexi
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 Key Realty Traverse City
HighLights
- 12x12 High Quality, R16.4 Insulated Door with electric opener.
- Fully Insulated: Walls R‑19, Ceiling R‑50.
- Enjoy the durability and sleek look of Full Broadcast Epoxy Floors.
- 200‑amp electrical service, full build out electric package and ceiling fans installed.
- Stay warm with the fully constructed heat system including a 45,000 BTU Natural Gas hanging unit.
- Luxury Barns feature Real Stone on the front.
Overview
This 1200 sq ft Borkholder Craftsman commercial building features custom trusses and measures 30 feet wide by 40 feet long with 14' 4" tall sidewalls. The structure includes 5x6 sidewalls spaced 8 feet on center and endwell posts approximately 8 feet on center, with trusses every 4 feet. It has a 4/12 60 GS truss with ceiling load. Construction includes Typar or similar Guard Wrap house wrap, a 4 mil clear polyethylene vapor barrier, and an additional 2-inch foam on the perimeter. The exterior features Kynar 500 paint upgrade with exterior premiere steel siding, 29G Ultra Rib Max with wanes coating, and real stone on the front. Interior walls are covered with white finished steel, and the floors have a full broadcast epoxy finish. A 12x12 high-quality, 2-inch thick R16.4 flat panel insulated door includes an electric garage door opener. There is also a commercial front access door with keypad access and Lockguard Security Protection. Garage door bollards are present. The concrete slab floor has pressure crack relief cuts and a full 4-foot owners apron. The building is fully insulated with R-19 walls and R-50 ceiling. It features 200-amp electrical service with a full build-out electric package and ceiling fans. Owner-managed utility meters are installed for gas and electric. The building is fully constructed for heat with a 45,000 BTU natural gas hanging unit, exhaust, and thermostat. It also includes an epoxy floor, a 500-gallon water system, and a utility sink. A mezzanine is included.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$113.8K
NOI $10,238 @ 9.00% cap · cautious / downside scenario
Moderate
$146.3K
NOI $10,238 @ 7.00% cap · market / base-case scenario
Aggressive
$204.8K
NOI $10,238 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.0k | $15.00 |
| − Vacancy | −$1.6k | −$1.35 |
| EGI | $16.4k | $13.65 |
| − OpEx | −$6.1k | −$5.12 |
| NOI | $10.2k | $8.53 |
1,200 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$146.3K
$128.0K – $170.6K
NOI $10,238 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6206
- Latitude
- 44.7632
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Custom 1200 sq ft commercial building with premium features.
Where is this mixed-use property located?
The property is located at 3055 Man Cave Ln Traverse City, MI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: 12x12 High Quality, R16.4 Insulated Door with electric opener.; Fully Insulated: Walls R‑19, Ceiling R‑50.; Enjoy the durability and sleek look of Full Broadcast Epoxy Floors.
