537 S Garfield Avenue, Traverse City, MI 49686
COMMERCIAL - Traverse City, MI
- Added:
- Jan 13, 2026
- Days on Market:
- 174
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 537 S Garfield Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Exterior features
- Vinyl
- Standard status
- Active
- Size
- 1,608 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- UNIT 1 - GARFIELD PLAZA PHASE 2 GTC CONDO SUB PLAN NO 30 0624-0536 MASTER DEED FILED NOVEMBER 1, 1984.
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent Noah Endres (231) 632-1125
Listing office Three West, LLC 1131 E Eighth Street, Traverse City, MI (231) 929-2955
Listing date Jan 13, 2026
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.
HighLights
- 1,608 SF professional office building with a reception/waiting area, 2 private offices, and a private restroom
- Finished basement adds an additional office and restroom
- Located at S Garfield Ave and E Eighth in a high‑traffic area with over 21,000 cars per day
- Parking lot on site
- Frame construction with vinyl exterior and an asphalt roof
Overview
The property is located at the intersection of S Garfield Ave and E Eighth in a high-traffic area, with over 21,000 cars per day. The site is listed at 0.19 acres, supporting a compact commercial footprint in a busy corridor.
For buyers or tenants seeking a move-in ready office configuration, the layout supports front-of-house reception flow alongside dedicated private offices. The basement’s added office and restroom can help accommodate additional users or separate functions without requiring a separate building footprint. Lease terms are also available per the listing remarks.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $16.80 |
| − Vacancy | −$4.1k | −$2.52 |
| EGI | $23.0k | $14.28 |
| − OpEx | −$5.7k | −$3.57 |
| NOI | $17.2k | $10.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.594709
- Latitude
- 44.757181
