Remodeled Office
3639 Cass Rd Traverse City, MI 49684
For Sale
$599,000
Remodeled office building with commercial zoning and space for both owner-occupant and leased tenancy.
Property Size5,038 SF
Price / SF$118.90
Days on Market226
Property Features for 3639 Cass Rd
General Information
- Standard status
- Active
- Size
- 5,038 SF
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
David Frost · License #6501203019
(231) 929-2955
Source:
Exprealty
Added: Dec 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:44AM
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 Three West, LLC
Investment Insights
Based on property information with market context.
This remodeled office building offers a total of 5,038 square feet and is described as zoned Commercial. The property is currently configured with half of the building leased, leaving the other half available for occupancy.
The building is centrally located in the Traverse City area on a main connection road, supporting convenient access for day-to-day operations.
For buyers or users looking for flexibility, the current layout provides income from the leased portion while also offering space to move into the vacant area. The property is also described as likely compatible with SBA financing.
The building is centrally located in the Traverse City area on a main connection road, supporting convenient access for day-to-day operations.
For buyers or users looking for flexibility, the current layout provides income from the leased portion while also offering space to move into the vacant area. The property is also described as likely compatible with SBA financing.
Key Highlights
- 5,038 SF office building that was recently remodeled
- Commercial zoning
- Half of the building is currently leased
Financial Insights For Office B
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 | $84.6k | $16.80 |
| − Vacancy | −$12.7k | −$2.52 |
| EGI | $71.9k | $14.28 |
| − OpEx | −$18.0k | −$3.57 |
| NOI | $54.0k | $10.71 |
5,038 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$770.8K
$674.5K – $899.3K
NOI $53,957 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$957.6K – $1.28M
NOI $76,610 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chiropractors in Traverse city, ...
Alternative Medicine Practice
Whole Health Traverse ...
Alternative Medicine Practice
Mills Financial
Financial Advisor
Michigan's Best Insurance ...
Insurance Agency
Theresa M. Carey, ...
Counselor
FAQs
What type of property is this?
Office building - Remodeled office building with commercial zoning and space for both owner-occupant and leased tenancy.
Where is this office building located?
The property is located at 3639 Cass Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,038 SF office building that was recently remodeled; Commercial zoning; Half of the building is currently leased
