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Property profile & analytics
OFF-MARKET
Flex space

1859 Southpeak Dr Traverse City, MI 49685-8809

4,080 SF 0.93 ac lot Built 2017
Entity Owned Absentee Owner Free & Clear
Property ID
US43-4244732
Property summary
AI-generated overview

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 profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2017
Total area 4,080 SF
Lot 0.93 ac (40,511 SF)
APN 02-008-024-06
UPID US43-4244732
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
  • Barks and Rec. Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
BARKS BUNKHOUSE LLC
BARKS BUNKHOUSE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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