Manufacturing Facility with Loading
For Sale
$1,200,000
3733 Blair Townhall Road, Traverse City, MI 49685
The facility combines a receiving area, mezzanine, office space, and yard access for trucks or equipment.
Property Size12,020 SF
Lot Size2.38 Acres
Price / SF$99.83
Days on Market87
Property Features for 3733 Blair Townhall Road
General Information
Standard status
Active
Size
12,020 SF
Class
Class C
Lot size
2.38 Acres
Property subtype
Commercial
Zoning
Commercial, Industrial
Warehouse & Industrial
Clear Height
24 ft
Mezzanine
2,400 SF
Dock-High Doors
1
Additional Details
Property Use
Light Industrial
Building Details
Building Size
12,020 SF
Year Built
2001
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
David Coonrod · License #6501426180
(231) 642-6300
Source:
Carterassociatesrealty
Added: Aug 12
Changed: Nov 3
Last Checked: Nov 4 at 9:31AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2001, this 12,020-square-foot manufacturing property occupies 2.38 acres and has 24-foot clear heights. The building includes a loading dock, receiving area, 2,400-square-foot mezzanine, and office space. Gas space heating serves the facility, which is identified as Class C and has Commercial, Industrial zoning.
The site provides yard area and access for trucks or equipment. Its layout brings together indoor production or storage space, a dedicated receiving area, mezzanine space, and offices.
The site provides yard area and access for trucks or equipment. Its layout brings together indoor production or storage space, a dedicated receiving area, mezzanine space, and offices.
Key Highlights
- 12,020 square feet on 2.38 acres
- 24‑foot clear heights
- Loading dock and receiving area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,656
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,120
$1.9M
Cap Rate 7%
$1,366,514
$1.4M
Cap Rate 9%
$1,062,844
$1.1M
Market Conditions
NOI Build-Up for 12,020 SF
Gross rent
$119.7K $9.96/SF
− Vacancy
−$7.2K −$0.60/SF
EGI
$112.5K $9.36/SF
− OpEx
−$16.9K −$1.40/SF
NOI
$95.7K $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%
$1,913,120
Cap Rate 7%
$1,366,514
Cap Rate 9%
$1,062,844
Alternative Uses
Best Use
Warehouse
$1.37M
$1.20M – $1.59M
NOI $95,656 @ 7.0% cap · market cap 7.97%
Second Best
Industrial
$1.00M
$875.6K – $1.17M
NOI $70,047 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,781 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
24 ft
Clear height
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - The facility combines a receiving area, mezzanine, office space, and yard access for trucks or equipment.
Where is this manufacturing property located?
The property is located at 3733 Blair Townhall Road Traverse City, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 12,020 square feet on 2.38 acres; 24‑foot clear heights; Loading dock and receiving area
