Furnished Office
For Sale
$165,000
4020 Copper View, Traverse City, MI 49684
Commercial, Traverse City, MI
Property Size716 SF
Price / SF$230.45
Days on Market114
Property Features for 4020 Copper View
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Planned Unit Development
Parking features
Garage, Assigned, Parking Lot
Exterior features
Brick
Lot features
Office Center
Directions
Copper Ridge Professional Center is located at the intersection of Silver Lake Road and Copper Ridge Dr. This unit is located in Building A on the first floor.
Subdivision
Grand Traverse
Standard status
Active
Size
716 SF
Taxes and HOA fees
Tax Description
UNIT 2 SUITE 16 COPPER RIDGE PROFESSIONAL CENTER TWO GRAND TRAVERSE CONDO SUBDIVISION PLAN NO. 200 REPLAT OF UNIT 2 COPPER RIDGE PROFESSIONAL CENTER GRAND TRAVERSE COUNTY PLAN NO. 148 SEC 9 T27N R11W (THIRD AMENDMENT)
HOA Fee
$363 Monthly
Legal Description
UNIT 2 SUITE 16 COPPER RIDGE PROFESSIONAL CENTER TWO GRAND TRAVERSE CONDO SUBDIVISION PLAN NO. 200 REPLAT OF UNIT 2 COPPER RIDGE PROFESSIONAL CENTER GRAND TRAVERSE COUNTY PLAN NO. 148 SEC 9 T27N R11W (THIRD AMENDMENT)
Building Details
Building materials
Brick, Steel
Roof type
Metal
Listing Agency:
Phoenix Property Partners
(231) 342-3775
Listed By:
Ashley Rokos · License #6502424094
(231) 929-7900
Added: Jun 15
Changed: Sep 17
Last Checked: Oct 6 at 1:06AM
MLS# 1946674
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.
Investment Insights
Based on property information with market context.
This 716-square-foot office unit at Copper Ridge Professional Center combines a reception area, two private offices, a kitchenette, and an open work room. The sale includes office furnishings consisting of a reception desk, two wood desks, two credenzas, and chairs. The building features brick and steel construction with a metal roof.
Parking options include an assigned space in the lower-level garage, along with parking lot and garage availability. The property is positioned near Munson and downtown Traverse City, providing access to established medical and central business destinations.
Parking options include an assigned space in the lower-level garage, along with parking lot and garage availability. The property is positioned near Munson and downtown Traverse City, providing access to established medical and central business destinations.
Key Highlights
- 716‑square‑foot office unit at Copper Ridge Professional Center
- Reception area, two private offices, kitchenette, and open work room
- Furniture included: reception desk, two wood desks, two credenzas, and chairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,668
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,360
$153.4K
Cap Rate 7%
$109,543
$109.5K
Cap Rate 9%
$85,200
$85.2K
Market Conditions
NOI Build-Up for 716 SF
Gross rent
$12.0K $16.80/SF
− Vacancy
−$1.8K −$2.52/SF
EGI
$10.2K $14.28/SF
− OpEx
−$2.6K −$3.57/SF
NOI
$7.7K $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%
$153,360
Cap Rate 7%
$109,543
Cap Rate 9%
$85,200
Alternative Uses
Best Use
Office B
$109.5K
$95.9K – $127.8K
NOI $7,668 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$155.5K
$136.1K – $181.5K
NOI $10,888 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Configured with private offices, an open workspace, and a kitchenette.
Where is this office units located?
The property is located at 4020 Copper View Traverse City, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 716‑square‑foot office unit at Copper Ridge Professional Center; Reception area, two private offices, kitchenette, and open work room; Furniture included: reception desk, two wood desks, two credenzas, and chairs
