920 S Garfield Avenue, Traverse City, MI 49686
- Added:
- Feb 5, 2026
- Days on Market:
- 152
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 920 S Garfield Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Exterior features
- Wood
- Standard status
- Pending
- Size
- 1,386 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Description
- UNIT 5 - HERITAGE SQUARE CONDOMINIUM GTC CONDO SUB PLAN NO 50 0868-0382 MASTER DEED RECORDED DECEMBER 19, 1991
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent Doug Meteyer License #6504206525 (231) 649-2116
Listing office Spectra Real Estate LLC 6348 Singletree Lane, Williamsburg, MI (231) 649-2116
Listing date Feb 5, 2026
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.
HighLights
- Single‑floor office condominium with a private entrance
- Dedicated HVAC, seven private offices, and a reception area
- Two restrooms included
- Partial basement for extra storage
- Frame construction with wood exterior and an asphalt roof
- Located in a wooded office park in Traverse City with plenty of onsite parking
Overview
The property is located in a wooded office park in Traverse City, with convenient access while avoiding downtown traffic. The listing also notes ample onsite parking for visitors and staff.
For buyers or owner-operators seeking an efficient, move-in ready office configuration, the combination of dedicated HVAC, multiple enclosed offices, and an on-site reception area supports a range of office uses. The private entrance can be appealing for tenant privacy and day-to-day operations, while the partial basement adds practical space for items that do not need to be in the main work area.
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 | $23.3k | $16.80 |
| − Vacancy | −$3.5k | −$2.52 |
| EGI | $19.8k | $14.28 |
| − OpEx | −$4.9k | −$3.57 |
| NOI | $14.8k | $10.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.595732
- Latitude
- 44.750434
