Office and Warehouse Flex
820 Duell Road Unit SourceFi Traverse City, MI 49686
820 Duell Road Unit SourceFi, Traverse City, MI, 49686
$869,900
For Sale
$869,900
Two-building flex property includes a leased office building and a heated warehouse/shop with four overhead doors.
Property Size5,632 SF
Price / SF$154.46
Days on Market53
Property Features for 820 Duell Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 5,632 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1990
Listing Agency
Front St TC
(231) 218-5130
Listed by
Five Star Real Estate
(231) 218-5130
Source
Xome
Added: May 27 Checked: Jul 18 at 2:00 am
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 Front St TC
Investment Insights
Based on property information with market context.
This two-building commercial property includes an office building totaling 2,432 square feet and a warehouse/shop building totaling 3,200 square feet. The office building is currently leased, and it may be purchased for investment income or for owner-occupancy, depending on whether the current tenant stays or leaves. The warehouse/shop building features four overhead doors, including three 12x12 doors and one 14x14 door, plus an interior office and bathroom, and it is heated. A fenced yard provides secure outdoor storage for equipment or inventory.
The property is located at 820 Duell Road in Traverse City, Michigan. Access is suited to both office and warehouse functions, with the overhead doors supporting practical loading and receiving operations.
As offered, the mix of leased office space and functional warehouse/shop improvements supports flexible use for a wide range of commercial needs where both office and storage are required.
The property is located at 820 Duell Road in Traverse City, Michigan. Access is suited to both office and warehouse functions, with the overhead doors supporting practical loading and receiving operations.
As offered, the mix of leased office space and functional warehouse/shop improvements supports flexible use for a wide range of commercial needs where both office and storage are required.
Key Highlights
- Two‑building commercial property with a 2,432 SF office building and a 3,200 SF warehouse/shop building
- Office building is currently leased (tenant to stay or go per terms) and can be used for income or owner occupancy
- Warehouse/shop 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
NOI $60,319 @ 7.0% cap · market cap 6.93%
Second Best
Flex RnD
$828.8K
$725.2K – $966.9K
NOI $58,013 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,642 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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 For Sale Nearby
Similar Off Market Nearby
- west bay catering — 767 A Duell Rd, Traverse City, MI 49686
FAQs
What type of property is this?
Flex space - Two-building flex property includes a leased office building and a heated warehouse/shop with four overhead doors.
Where is this flex space located?
The property is located at 820 Duell Road Unit SourceFi 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 with a 2,432 SF office building and a 3,200 SF warehouse/shop building; Office building is currently leased (tenant to stay or go per terms) and can be used for income or owner occupancy; Warehouse/shop includes four overhead doors: three 12x12 and one 14x14
