Property profile

1500 Barlow St Traverse City, MI 49684

FOR SALE
Flex space
Property ID
US43-Q004896
Built 1970
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Property summary

AI-generated overview

Rare opportunity to acquire a 4.5-acre industrial-zoned property at 1500 Barlow Street, ideally positioned between Barlow Street and Woodmere Avenue with excellent ingress/egress and dual access. Zoned General Mixed-Use Industrial (I-G) with additional Light Industrial (I-L) flexibility, the property allows for a wide range of uses including warehouse/distribution, contractor yards, light manufacturing, and service operationsâ€"many permitted by right, reducing entitlement timelines and development risk. The site is improved with approximately 54,000 square feet across eight buildings, offering a mix of warehouse, industrial, and office space. While a portion of the buildings are currently leased, the property is best suited for owner-users, contractors, or developers seeking a flexible site with immediate usability and long-term upside. The combination of site size, zoning flexibility, and access supports a variety of use scenarios including yard space, multi-tenant occupancy, or future redevelopment. This is not a traditional stabilized investment offeringâ€"the value is in the land, location, and flexibility of use, with existing improvements providing interim utility and income potential. Properties of this size and flexibility rarely become available within this submarket. bikeScore: 93, Biker's Paradise walkScore: 80, Very Walkable

Property profile

Verified
Property type Flex space
Year built 1970
UPID US43-Q004896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1500 Barlow St Traverse City, MI 49684
Traverse City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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