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Two-Building Office and Warehouse

820 Duell Road Traverse City, MI 49686

Claim this Listing
For Sale
Under Contract
$869,900

COMMERCIAL - Traverse City, MI

Property size:
5,632 SF
Lot size:
0.75 Acres
Price / SF:
$154.46/SF
Added:
May 29, 2026
Days on Market:
47
Last Refresh:
Jul 14 at 12:06 am

Property Features for 820 Duell Road

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Brick, Steel
Standard status
Active Under Contract
Size
5,632 SF
Lot size
0.75 Acres

Taxes and HOA fees

Tax Description
PART OF SW 1/4 OF SW 1/4 SEC 13 T27N R11W COM 330' S & 856' E OF NW COR TH S 165' TH E 200' TH N 165' TH W 200' TO POB SEC 13 T27N R11W EXC RD R/W.

Building Details

Building materials
Brick, Steel
Roof type
Asphalt, Composition

Listing agent Sam Abood License #6504216686

Listing office Five Star Real Estate - Front St TC 807 W Front Street, Traverse City, MI

Listing date May 29, 2026

MLS# 1945869

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 for-sale property includes two separate buildings: an office building and a warehouse/shop building. The office building is approximately 2,432 square feet and is currently leased. The warehouse/shop building is approximately 3,200 square feet and includes heated space, an interior office, a bathroom, and four overhead doors (three 12x12 and one 14x14). It also features a fenced yard for secure outdoor storage.

The property is located at 820 Duell Road in Traverse City, MI, within Grand Traverse County.

The configuration supports continued income potential through the currently leased office, while the warehouse/shop provides functional loading access via multiple overhead doors and secure storage in the fenced yard.

Key Highlights

  • Two‑building commercial property: 2,432 SF office building and 3,200 SF warehouse/shop building
  • Office building currently leased
  • Warehouse/shop building includes four overhead doors: three 12x12 and one 14x14

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 $94.6k $16.80
− Vacancy −$14.2k −$2.52
EGI $80.4k $14.28
− OpEx −$20.1k −$3.57
NOI $60.3k $10.71
5,632 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$861.7K
$754.0K – $1.01M (±1% cap)
NOI $60,319 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$640.3K
$560.3K – $747.0K (±1% cap)
NOI $44,820 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M (±1% cap)
NOI $85,642 @ 7.0% cap · market cap 9.85%
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

Suggested Use

Real Estate Agency Law Firm Dental Office Skin Care Clinic HVAC Service Barber Shop Parking Lot & Garage Grocery & Convenience Store Electrical Service Food Market

Zoning and permitted uses should be independently verified with local authorities.

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 - Sale of a leased office building plus a heated warehouse/shop with four overhead doors and a fenced yard.
Where is this warehouse located?
The property is located at 820 Duell Road 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 and 3,200 SF warehouse/shop building; Office building currently leased; Warehouse/shop building includes four overhead doors: three 12x12 and one 14x14
Contact an agent
More about this property
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