Heated Warehouse
For Lease
$9 SF/Yr
963 W Commerce Drive, Traverse City, MI 49685
Heated shop and storage space has access to US 31 from two connecting roads.
Space SizeContact for details
Property Size1,600 SF
Days on Market778
Property Features for 963 W Commerce Drive
General Information
Standard status
Active
Size
1,600 SF
Zoning
Industrial, Office, Commercial
Additional Details
Highway Access
Yes
Warehouse Heated
Yes
Building Details
Building Size
1,600 SF
Year Built
1994
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron · License #6502102202
(989) 621-8972
Source:
Centralmirealty
Added: Sep 20, 2024
Changed: Nov 4
Last Checked: Nov 4 at 8:39AM
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 CENTRAL REAL ESTATE MT PLEASANT, INC.
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Investment Insights
Based on property information with market context.
This 1,760-square-foot heated shop and warehouse space was built in 1994. The property carries Industrial, Office, and Commercial zoning. The tenant pays rent and covers their own utilities.
Access to US 31 is available via W Commerce Drive and Chums Village Drive. The property is located at 963 W Commerce Drive in Traverse City.
Access to US 31 is available via W Commerce Drive and Chums Village Drive. The property is located at 963 W Commerce Drive in Traverse City.
Key Highlights
- 1,760 square feet of heated shop and warehouse space
- Built in 1994
- US 31 access via W Commerce Drive and Chums Village Drive
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Traverse City, MI
$10.06 /SF/Yr
Avg Asking Price
$8.92–$15 /SF/Yr
Price Range
8,687 SF
Avg Space Size
This space is priced 11% below the average of $10.06 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- U-Pack — 837 S Commerce Dr NE, Kalkaska, MI 49646
Frequently Asked Questions
What type of property is this?
Warehouse - Heated shop and storage space has access to US 31 from two connecting roads.
Where is this warehouse located?
The property is located at 963 W Commerce Drive Traverse City, MI.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 1,760 square feet of heated shop and warehouse space; Built in 1994; US 31 access via W Commerce Drive and Chums Village Drive
