Updated Office Suite with
For Sale
$585,000
830 - 102 Cottageview Drive, Traverse City, MI 49684
Commercial, Traverse City, MI
Property Size2,703 SF
Price / SF$216.43
Days on Market424
Property Features for 830 - 102 Cottageview Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial, Planned Unit Development
Parking features
Parking Lot
Exterior features
Brick
Lot features
Business Park, Shopping Center, Office Center
Directions
From Medical Campus Dr: S on Cottageview Dr
Subdivision
Grand Traverse
Standard status
Active
Size
2,703 SF
Taxes and HOA fees
Tax Description
UNIT 102 SOUTHVIEW CONDOMINIUM IN THE VILLAGE AT GRAND TRAVERSE COMMONS, A SITE CONDOMINIUM[..]MASTER DEED RECORDED IN LIBER 2004C PAGE 00053 AND AMENDMENT[..]RECORDED IN 2005C-00095[..]AND DESIGNATED AS GRAND TRAVERSE CO CONDO SUB PLAN 251(full in docs)
HOA Fee
$1,020 Monthly
Legal Description
UNIT 102 SOUTHVIEW CONDOMINIUM IN THE VILLAGE AT GRAND TRAVERSE COMMONS, A SITE CONDOMINIUM[..]MASTER DEED RECORDED IN LIBER 2004C PAGE 00053 AND AMENDMENT[..]RECORDED IN 2005C-00095[..]AND DESIGNATED AS GRAND TRAVERSE CO CONDO SUB PLAN 251(full in docs)
Amenities
conference room
reception area
kitchenette
Building Details
Building materials
Brick, Block
Roof type
Asphalt
Listing Agency:
EXP Realty
(888) 501-7085
Listed By:
Shelby Newhouse-Taplin
(231) 570-9227
Added: Aug 8, 2025
Changed: Sep 22
Last Checked: Oct 5 at 5:06PM
MLS# 1937357
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 2,703-square-foot office unit at 830 - 102 Cottageview Drive includes seven private offices, an open bullpen area, conference room, reception area, and kitchenette. The sale includes cubicles, stand-up desks, and related office furniture. Updates completed since 2022 include new carpet, refinished hardwood flooring, fresh interior paint, a dishwasher, and new cubicle systems. Eight-foot windows bring substantial natural light into the workspace, while brick construction and an asphalt roof serve the building envelope.
The property is located within the Grand Traverse Commons in Traverse City, near boutique shops, cafes, restaurants, breweries, wineries, hiking trails, and botanical gardens. Free onsite parking is provided through the parking lot. One tenant currently occupies 280 square feet, while HOA regulations require the suite to remain commercial because residential use is limited to upper levels.
The property is located within the Grand Traverse Commons in Traverse City, near boutique shops, cafes, restaurants, breweries, wineries, hiking trails, and botanical gardens. Free onsite parking is provided through the parking lot. One tenant currently occupies 280 square feet, while HOA regulations require the suite to remain commercial because residential use is limited to upper levels.
Key Highlights
- 2,703‑square‑foot office unit at 830 - 102 Cottageview Drive
- Seven private offices plus bullpen, conference room, reception area, and kitchenette
- Cubicles, stand‑up desks, and office furniture included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,949
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,980
$579.0K
Cap Rate 7%
$413,557
$413.6K
Cap Rate 9%
$321,656
$321.7K
Market Conditions
NOI Build-Up for 2,703 SF
Gross rent
$45.4K $16.80/SF
− Vacancy
−$6.8K −$2.52/SF
EGI
$38.6K $14.28/SF
− OpEx
−$9.6K −$3.57/SF
NOI
$28.9K $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%
$578,980
Cap Rate 7%
$413,557
Cap Rate 9%
$321,656
Alternative Uses
Best Use
Office B
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.2K
$513.8K – $685.1K
NOI $41,103 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,399
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
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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, shared workspace, a conference room, reception area, and kitchenette.
Where is this office units located?
The property is located at 830 - 102 Cottageview Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,703‑square‑foot office unit at 830 - 102 Cottageview Drive; Seven private offices plus bullpen, conference room, reception area, and kitchenette; Cubicles, stand‑up desks, and office furniture included
