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Property profile & analytics
OFF-MARKET
Office Spaces

333 Traverse City Mi Traverse City, MI 49684

1,947 SF Built 2002
Property ID
Property summary
AI-generated overview

This exceptional 1,947 square foot office condominium, located in Traverse City, Michigan's prestigious Harbour View Centre, presents a unique investment opportunity. Situated on the second floor, this unit boasts breathtaking, unobstructed views of West Grand Traverse Bay from its private balcony. Part of a Class A mixed-use building, it shares ample on-site parking (160 spaces) with anchor tenants including Independent Bank and Merrill Lynch. The building, constructed in 2002 and renovated in 2017, is conveniently located near the Warehouse District, within walking distance of downtown. This suite is currently configured as an executive, medical, or traditional office space, but with condominium association approval, it could be converted to residential use (excluding short-term rentals). The sale includes one condominium unit (Unit 3B, to be created) and is subject to revisions and amendments to the condominium documents and associated Exhibit B drawings. Note that use exclusions exist for financial institutions. A virtual tour showcasing similar units (201, 202, and 203) is available. The asking price for this prime commercial property is $681,000. The property is zoned for commercial use.

Property profile
Verified
Property type Office Spaces
Year built 2002
Total area 1,947 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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