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Contingent
2364 Traversefield Drive Traverse City, MI 49686
47,625 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Contingent
Purchase Type For Rent
Square Footage 47,625 sqft
Subdivision Mi
MLS Listing ID 80071262
Year Built 1999
Lot Size 5.460 Acres
Acres 5.46
Lot Dimensions 671x474x647x263
Property Sub-Type Commercial/Industrial
Property Description
Three West Commercial is pleased to present 2364 Traversefield Drive, a 42,000 SF industrial warehouse on 5.40 acres in Traverse City's Traversefield Enterprise Place. The building features a clear-span 350' × 120' floor plate with 28' eaves, and a 2012 renovation added a 2,160 SF finished office suite — reception, showroom, private offices, break room — with a storage mezzanine above and a dedicated public entry. Loading is handled through a ±5,000 SF covered dock with two dock-height doors and a grade-level drive-in, and the fully sprinklered building carries heavy power and 125 psf floor loads. The property is leased triple-net through March 2027 at well below market rent, so the asset produces income from day one: an investor gains a built-in runway to re-lease at market with significant yield upside, while an owner-user can collect rent while planning a 2027 occupancy. The site also supports future expansion, with a ±5,000 SF office addition already contemplated on the site plan.
Location
State MI
County Grand Traverse
Area Garfield Twp (28005)
Zoning Industrial
Interior
Heating Forced Air
Exterior
Parking Features 21+ Spaces, Parking Lot
Roof Type Metal
Building
Foundation Slab
Water Public Water
Structure Type Block,Steel
Others
Ownership Private
Energy Description Natural Gas,Other
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Three West, LLC
