For Sale
$119,900
37-3032 Luxury Barn Ln, Traverse City, MI
Flex space
Property Size1,200 SF
Price / SF$99.92
Days on Market404
Property Features for 37-3032 Luxury Barn Ln
General Information
Standard status
Active
Size
1,200 SF
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Listing Agency:
Key Realty One-TC
Listed By:
Jennifer Kreta · License #6501421253
(231) 492-4062
Source:
Exprealty
Added: Sep 15, 2025
Changed: Oct 11
Last Checked: Oct 21 at 2:51AM
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 One-TC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Borkholder craftsman custom truss commercial buildings: 30' wide x 40' long x 14'4" tall
- Structural layout includes 5x6 spaced sidewalls at 8' o.c., endwell posts approx. 8' o.c., and trusses at 4' o.c.
- Exterior insulation and weather barrier package: Typar/house wrap plus 4 mil clear polyethylene vapor barrier with 2‑inch foam on the perimeter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,993
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,860
$139.9K
Cap Rate 7%
$99,900
$99.9K
Cap Rate 9%
$77,700
$77.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$10.8K $9.00/SF
− Vacancy
−$810 −$0.68/SF
EGI
$10.0K $8.33/SF
− OpEx
−$3.0K −$2.50/SF
NOI
$7.0K $5.83/SF
Area
Grand Traverse County, MI
Vacancy
7.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,860
Cap Rate 7%
$99,900
Cap Rate 9%
$77,700
Alternative Uses
Best Use
Flex RnD
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 10.31%
Second Best
Industrial
$99.9K
$87.4K – $116.6K
NOI $6,993 @ 7.0% cap · market cap 5.83%
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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Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Across the Board Provisions — 215 w eighth st apt b, traverse city, mi 49684
- Forrest, A Food Studio and Private Chef — 408 s union st, traverse city, mi 49684
- Cousin Jenny's Cornish Pasties — 222 E State St Suite 102, Traverse City, MI 49684
- Cordwood BBQ — 448 E Front St, Traverse City, MI 49686
- Guacamole Food Truck — 404 N Division St, Traverse City, MI 49684
Frequently Asked Questions
Where is this flex space located?
The property is located at 37-3032 Luxury Barn Ln 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: Borkholder craftsman custom truss commercial buildings: 30' wide x 40' long x 14'4" tall; Structural layout includes 5x6 spaced sidewalls at 8' o.c., endwell posts approx. 8' o.c., and trusses at 4' o.c.; Exterior insulation and weather barrier package: Typar/house wrap plus 4 mil clear polyethylene vapor barrier with 2‑inch foam on the perimeter
