Updated Office Suite with
830 - 102 Cottageview Drive Unit 102 Traverse City, MI 49684
830 - 102 Cottageview Drive Unit 102, Traverse City, MI, 49684
$625,000
For Sale
$625,000
Move-in ready office suite with seven private offices, reception, conference room, and a kitchenette.
Property Size2,703 SF
Price / SF$231.22
Days on Market355
Property Features for 830 - 102 Cottageview Drive Unit 102
General Information
- Standard status
- Active
- Size
- 2,703 SF
- Property subtype
- Office
Building Details
- Year Built
- 1886
Listing agency
Wentworth Real Estate Group
(231) 218-9810
Listed by
Shelby Newhouse
(231) 218-9810
Source
Xome
Added: Aug 2, 2025 Updated: Jul 21 at 3:20PM Checked: Jul 22 at 3:44AM
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 Wentworth Real Estate Group
Investment Insights
Based on property information with market context.
This updated office suite is move-in ready and designed for functional day-to-day operations. The layout includes seven private offices, a large open bull-pen area with new cubicles and stand-up desks, a conference room, a reception area, and a kitchenette. Updates since 2022 include new carpet, refinished hardwood floors, fresh paint throughout, a new dishwasher, and all-new cubicle systems and furniture. Large 8-foot windows provide abundant natural light.
The suite is located within Grand Traverse Commons at 830–102 Cottageview Drive, Unit 102. Free onsite parking is available.
The space is currently configured with one tenant occupying only 400 square feet, and it may offer flexibility for owner-users or investors. HOA regulations state that residential use is only permitted on upper levels, and this space must remain commercial.
The suite is located within Grand Traverse Commons at 830–102 Cottageview Drive, Unit 102. Free onsite parking is available.
The space is currently configured with one tenant occupying only 400 square feet, and it may offer flexibility for owner-users or investors. HOA regulations state that residential use is only permitted on upper levels, and this space must remain commercial.
Key Highlights
- Move‑in ready commercial office suite in Grand Traverse Commons with 7 private offices, reception area, conference room, and kitchenette
- Updated since 2022 with new carpet, refinished hardwood floors, fresh paint, new dishwasher, and all‑new cubicle systems and furniture
- Large open bull‑pen area with new cubicles and stand‑up desks included
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 | $45.4k | $16.80 |
| − Vacancy | −$6.8k | −$2.52 |
| EGI | $38.6k | $14.28 |
| − OpEx | −$9.6k | −$3.57 |
| NOI | $28.9k | $10.71 |
2,703 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.2K
$513.8K – $685.1K
NOI $41,103 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ATI Physical Therapy
Physician
Trattoria Stella
Restaurant
Bay Area Recycling ...
Waste Management Facility
Traverse City State ...
Tour Operator
KAYLA BRYANT
Physician
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FAQs
What type of property is this?
Office units - Move-in ready office suite with seven private offices, reception, conference room, and a kitchenette.
Where is this office units located?
The property is located at 830 - 102 Cottageview Drive Unit 102 Traverse City, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Move‑in ready commercial office suite in Grand Traverse Commons with 7 private offices, reception area, conference room, and kitchenette; Updated since 2022 with new carpet, refinished hardwood floors, fresh paint, new dishwasher, and all‑new cubicle systems and furniture; Large open bull‑pen area with new cubicles and stand‑up desks included
