Office Suite with Private
For Sale
$372,000
4020 Copper View, Traverse City, MI 49684
Commercial, Traverse City, MI
Property Size1,175 SF
Price / SF$316.60
Days on Market470
Property Features for 4020 Copper View
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Planned Unit Development
Parking features
Assigned, Garage, Parking Lot
Exterior features
Brick
Lot features
Business Park
Directions
Located in Building A of Copper Ridge Professional Center
Subdivision
Grand Traverse
Standard status
Active
Size
1,175 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
UNIT 2 SUITE 6 COPPER RIDGE PROFESSIONAL CENTER TWO GRAND TRAVERSE CONDO SUBDIVISION PLAN NO. 200 REPLAT OF UNIT 2 COPPER RIDGE PROFESSIONAL CENTER GRAND TRAVERSE COUNTY CONDO PLAN NO. 148 SEC 9 T27N R11W (THIRD AMENDMENT)
Legal Description
UNIT 2 SUITE 6 COPPER RIDGE PROFESSIONAL CENTER TWO GRAND TRAVERSE CONDO SUBDIVISION PLAN NO. 200 REPLAT OF UNIT 2 COPPER RIDGE PROFESSIONAL CENTER GRAND TRAVERSE COUNTY CONDO PLAN NO. 148 SEC 9 T27N R11W (THIRD AMENDMENT)
Amenities
lobby/reception area
large conference room
4 private offices
kitchenette space
Building Details
Building materials
Brick, Block, Steel
Roof type
Metal
Listing Agency:
Phoenix Property Partners
Listed By:
Ashley Rokos · License #6502424094
(231) 342-3775
Added: Jul 25, 2025
Changed: Oct 28
Last Checked: Nov 6 at 7:06AM
MLS# 1936817
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.
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Investment Insights
Based on property information with market context.
This 1,175-square-foot office suite is configured for professional occupancy with a lobby and reception area, a large conference room, four private offices, and a kitchenette. The property includes two private parking spaces in the parking garage, along with access to additional parking lots. Brick, block, and steel construction support the commercial setting, while a metal roof is also in place.
The suite is located at Copper Ridge near Traverse City’s downtown business corridor and Munson Hospital. Its position provides access to those destinations while remaining outside the downtown core. The unit is currently leased through March 31, 2028, offering an existing occupancy arrangement for a purchaser.
The suite is located at Copper Ridge near Traverse City’s downtown business corridor and Munson Hospital. Its position provides access to those destinations while remaining outside the downtown core. The unit is currently leased through March 31, 2028, offering an existing occupancy arrangement for a purchaser.
Key Highlights
- 1,175‑square‑foot office suite with lobby, reception area, conference room, 4 private offices, and kitchenette
- Currently leased through March 31, 2028
- 2 private parking spaces in the parking garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,584
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,680
$251.7K
Cap Rate 7%
$179,771
$179.8K
Cap Rate 9%
$139,822
$139.8K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$19.7K $16.80/SF
− Vacancy
−$3.0K −$2.52/SF
EGI
$16.8K $14.28/SF
− OpEx
−$4.2K −$3.57/SF
NOI
$12.6K $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%
$251,680
Cap Rate 7%
$179,771
Cap Rate 9%
$139,822
Alternative Uses
Best Use
Office B
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
357
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Leased office suite with reception, conference, private office, kitchenette, and assigned garage parking.
Where is this office unit located?
The property is located at 4020 Copper View Traverse City, MI.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: 1,175‑square‑foot office suite with lobby, reception area, conference room, 4 private offices, and kitchenette; Currently leased through March 31, 2028; 2 private parking spaces in the parking garage
