920 S Garfield Avenue, Traverse City, MI 49686
COMMERCIAL - Traverse City, MI
- Added:
- Feb 5, 2026
- Days on Market:
- 148
- Last Refresh:
- Jul 3 at 2:06 am
Property Features for 920 S Garfield Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Exterior features
- Wood
- Standard status
- Active
- Size
- 3,294 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Description
- UNIT 6 & 7 - 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 2 adjoining units, each with its own HVAC
- Includes private offices, conference room, reception area, and an open office pool area
- 4 restrooms plus basement space for storage
- Wood exterior with frame construction and an asphalt shingle roof
- Located in a wooded office park in Traverse City with plenty of on‑site parking
Overview
The property is located in a wooded office park in Traverse City, positioned away from downtown traffic while still maintaining convenient access for visitors and staff. Onsite parking is available.
As a purchase opportunity, the configuration suits organizations looking for a consolidated office footprint with multiple private workspaces, a dedicated meeting room, and ample restroom facilities. The separate HVAC systems for each adjoining unit may also be beneficial for tenants or owners who want independent climate control across the combined space, while the basement storage adds practical capacity for records and equipment.
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 | $55.3k | $16.80 |
| − Vacancy | −$8.3k | −$2.52 |
| EGI | $47.0k | $14.28 |
| − OpEx | −$11.8k | −$3.57 |
| NOI | $35.3k | $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
