Office and Warehouse
820 Duell Rd Traverse City, MI 49686
For Sale
$869,900
Pending
Two-building setup offers a leased office and a heated warehouse/shop with fenced outdoor storage.
Property Size3,200 SF
Days on Market54
Property Features for 820 Duell Rd
General Information
- Standard status
- Pending
- Size
- 3,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing Agency:
Five Star Real Estate - Front St TC
(231) 218-5130
Listed By:
Sam Abood · License #6504216686
(231) 218-5130
Source:
Elliman
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 23 at 11:52AM
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 Five Star Real Estate - Front St TC
Investment Insights
Based on property information with market context.
This property includes two separate commercial buildings: an office building and a warehouse/shop building. The office building is currently leased, providing an income component whether a new owner keeps the tenant or takes occupancy themselves. The warehouse/shop building includes an interior office and bathroom and is heated, with four overhead doors for loading and receiving.
The warehouse/shop is served by three 12x12 overhead doors and one 14x14 overhead door, and it also features a fenced yard for secure outdoor storage. The buildings are located at 820 Duell Rd in Garfield Charter Township, Grand Traverse, Michigan.
For tenants and buyers, the combination of office space and functional warehouse loading makes the site workable for businesses that need administrative space on-site alongside overhead-door access and secure exterior storage. With the office building already leased, the property may also appeal to buyers looking for a partial-income structure alongside their operating needs. The overhead-door configuration and heated interior improvements support a range of warehouse and light commercial uses within the limits of applicable regulations.
The warehouse/shop is served by three 12x12 overhead doors and one 14x14 overhead door, and it also features a fenced yard for secure outdoor storage. The buildings are located at 820 Duell Rd in Garfield Charter Township, Grand Traverse, Michigan.
For tenants and buyers, the combination of office space and functional warehouse loading makes the site workable for businesses that need administrative space on-site alongside overhead-door access and secure exterior storage. With the office building already leased, the property may also appeal to buyers looking for a partial-income structure alongside their operating needs. The overhead-door configuration and heated interior improvements support a range of warehouse and light commercial uses within the limits of applicable regulations.
Key Highlights
- Two‑building commercial property: 2,432 SF office building plus 3,200 SF warehouse/shop building
- Office building is currently leased, creating income potential for an investor or an owner‑user
- Warehouse/shop includes interior office and a bathroom, and is heated
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 | $53.8k | $16.80 |
| − Vacancy | −$8.1k | −$2.52 |
| EGI | $45.7k | $14.28 |
| − OpEx | −$11.4k | −$3.57 |
| NOI | $34.3k | $10.71 |
3,200 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 3.94%
Second Best
Warehouse
$363.8K
$318.3K – $424.4K
NOI $25,466 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$695.1K
$608.3K – $811.0K
NOI $48,660 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mold & Die Technology
Factory
Eagle Home Renovation
Roofing Company
Solar Solutions
Interior Design
Bay Business Services ...
Tax Preparation
Similar Off Market Nearby
- K Movers — 345 W South Airport Rd, Traverse City, MI 49686
- Colonial Self Storage LLC — 1057 W South Airport Rd, Traverse City, MI 49686
- Self Storage Units — 1081 W South Airport Rd, Traverse City, MI 49686
- Otis Elevator Company — 1777 S Garfield Ave, Traverse City, MI 49686
FAQs
What type of property is this?
Warehouse - Two-building setup offers a leased office and a heated warehouse/shop with fenced outdoor storage.
Where is this warehouse located?
The property is located at 820 Duell Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: Two‑building commercial property: 2,432 SF office building plus 3,200 SF warehouse/shop building; Office building is currently leased, creating income potential for an investor or an owner‑user; Warehouse/shop includes interior office and a bathroom, and is heated
