Flex Space with Shop
For Lease
$1,800/Mo
3914 Jupiter Cresent Drive, Traverse City, MI 49685
Industrial-zoned space combines two offices, an open work area and a loft, with immediate occupancy available.
Space SizeContact for details
Property Size2,250 SF
Days on Market1118
Property Features for 3914 Jupiter Cresent Drive
General Information
Standard status
Active
Size
2,250 SF
Zoning
Industrial
Lease Type
Modified Gross
Additional Details
Available From
Immediate
Three-Phase Power
Yes
Building Details
Building Size
2,250 SF
Year Built
2000
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron · License #6502102202
(989) 621-8972
Source:
Centralmirealty
Added: Oct 16, 2023
Changed: Nov 4
Last Checked: Nov 4 at 10:30AM
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 CENTRAL REAL ESTATE MT PLEASANT, INC.
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Investment Insights
Based on property information with market context.
This 2,250-square-foot flex suite, built in 2000, is configured with two air-conditioned offices, a predominantly shop-oriented area and a loft. The building has 16-foot sidewalls, two 12' x 14' overhead doors, a closed floor drain, natural gas and three-phase electricity. Immediate occupancy is available.
The property is 1.5 miles south of the Grand Traverse Mall in Traverse City. Parking is available. The landlord covers building insurance, property taxes and lawn care; the tenant is responsible for utilities, dumpster service, liability insurance and snow removal.
The property is 1.5 miles south of the Grand Traverse Mall in Traverse City. Parking is available. The landlord covers building insurance, property taxes and lawn care; the tenant is responsible for utilities, dumpster service, liability insurance and snow removal.
Key Highlights
- 2,250‑square‑foot suite with 16‑foot sidewalls
- Two 12' x 14' overhead doors and a closed floor drain
- Two air‑conditioned offices, shop area and loft
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.44 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Traverse City, MI
$12.71 /SF/Yr
Avg Asking Price
$7.5–$24 /SF/Yr
Price Range
6,075 SF
Avg Space Size
This space is priced 24% below the average of $12.71 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned space combines two offices, an open work area and a loft, with immediate occupancy available.
Where is this flex space located?
The property is located at 3914 Jupiter Cresent Drive Traverse City, MI.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: 2,250‑square‑foot suite with 16‑foot sidewalls; Two 12' x 14' overhead doors and a closed floor drain; Two air‑conditioned offices, shop area and loft
