Office Building with Meeting
For Sale
$349,900
3415 Veterans Drive, Traverse City, MI 49684
Commercial, Traverse City, MI
Property Size1,504 SF
Lot Size1.13 Acres
Price / SF$232.65
Days on Market111
Property Features for 3415 Veterans Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Exterior features
Vinyl, Wood
Lot features
Corner Lot
Directions
Corner of Veterans Drive and Orthwoods.
Subdivision
Grand Traverse
Standard status
Active
Size
1,504 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Description
PRT NE1/4 SE1/4 SEC 16 T27N R11W COM 372' S NE COR TH S 150' TH W 330' TH N 150' TH E 330' TO POB EXC RD R/W.
Legal Description
PRT NE1/4 SE1/4 SEC 16 T27N R11W COM 372' S NE COR TH S 150' TH W 330' TH N 150' TH E 330' TO POB EXC RD R/W.
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Five Star Real Estate - Front St TC
(231) 778-1200
Listed By:
Sam Abood · License #6504216686
(231) 218-5130
Added: Jun 18
Changed: Sep 6
Last Checked: Oct 6 at 12:06PM
MLS# 1946786
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 office property includes a 1,504-square-foot building arranged with a reception area adjoining the foyer, private office space, a kitchen and breakroom, restroom, and a large open meeting room. A partial basement provides additional storage. The structure features frame construction, vinyl and wood exterior materials, an asphalt roof, and a dedicated parking lot. The property is being sold as-is.
The site encompasses 1.13 acres at 3415 Veterans Drive in Traverse City, Michigan. Its corner-parcel configuration combines an existing office building with a substantial land component. The property is located in Grand Traverse County and carries a 49684 postal designation.
The site encompasses 1.13 acres at 3415 Veterans Drive in Traverse City, Michigan. Its corner-parcel configuration combines an existing office building with a substantial land component. The property is located in Grand Traverse County and carries a 49684 postal designation.
Key Highlights
- 1.13‑acre corner parcel in Traverse City
- 1,504‑square‑foot office building
- Reception area, foyer, office, kitchen/breakroom, restroom, and open meeting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,108
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,160
$322.2K
Cap Rate 7%
$230,114
$230.1K
Cap Rate 9%
$178,978
$179.0K
Market Conditions
NOI Build-Up for 1,504 SF
Gross rent
$25.3K $16.80/SF
− Vacancy
−$3.8K −$2.52/SF
EGI
$21.5K $14.28/SF
− OpEx
−$5.4K −$3.57/SF
NOI
$16.1K $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%
$322,160
Cap Rate 7%
$230,114
Cap Rate 9%
$178,978
Alternative Uses
Best Use
Office B
$230.1K
$201.4K – $268.5K
NOI $16,108 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.7K
$285.9K – $381.2K
NOI $22,870 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
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 - Corner office property with a reception foyer, breakroom, restroom, open meeting area, and on-site parking.
Where is this office units located?
The property is located at 3415 Veterans Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1.13‑acre corner parcel in Traverse City; 1,504‑square‑foot office building; Reception area, foyer, office, kitchen/breakroom, restroom, and open meeting room
