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    1859 Southpeak Dr Traverse City, MI 49685

    Sponsored
    For Sale
    $541,000

    Industrial warehouse, 4,080 sq ft, high visibility.

    Property size:
    4,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-tenant industrial warehouse, located at 1859 Southpeak Drive in Traverse City, Michigan, offers 4,080 square feet of versatile space. Built in 2017 and renovated in 2022, the property sits on a 0.93-acre lot and boasts a 16-foot ceiling height. The building features approximately 2,000 square feet of open, heated and cooled pole barn space, ideal for various uses. Additional amenities include a reception area, offices, a conference room, a kitchenette, and a half bathroom. The property is zoned for light industrial manufacturing and benefits from high visibility and accessibility, situated along a major thoroughfare with an average daily traffic count exceeding 13,000 vehicles in 2023. Recent updates include new flooring and ductless heating and cooling units. The flexible layout allows for diverse configurations to suit various business needs. This property is offered at $541,000, with a price per square foot of $134.56. Showings are by appointment only.

    Property Features for 1859 Southpeak Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    4,080 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built/Renovated
    2017/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 4,080 SF single‑tenant industrial warehouse in Traverse City, MI.
    • Built in 2017, renovated in 2022, situated on a 0.93‑acre lot.
    • Features 16' ceilings and approximately 2,000 SF of heated/cooled pole barn space.
    • Includes reception area, offices, conference room, kitchenette, and half bath.
    • Zoned for light industrial manufacturing, high visibility, and accessibility; $541,000 asking price ($134.56/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Barks and Rec. Dog Trainer

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.657052863442
    Latitude
    44.659419227367

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 4,080 sq ft, high visibility.
    Where is this distribution property located?
    The property is located at 1859 Southpeak Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $541,000.
    What are key features of this property?
    This property features: 4,080 SF single-tenant industrial warehouse in Traverse City, MI.; Built in 2017, renovated in 2022, situated on a 0.93-acre lot.; Features 16' ceilings and approximately 2,000 SF of heated/cooled pole barn space.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1859 Southpeak Dr Traverse City, MI 49685
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