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$3,500,000
Est. payment /mo
47,625 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 47,625 sqft
Price per Sqft $73
MLS Listing ID 78080071263
Year Built 1999
Lot Size 5.460 Acres
Acres 5.46
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' Ã- 120' floor plate with 28' eaves, and a 2012 renovation added a 2,160 SF finished office suite â€" reception, showroom, private offices, break room â€" 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 Area28041Garfieldtwp
Interior
Heating Forced Air, Natural Gas, Other Heating Source
Flooring Concrete
Fireplace No
Exterior
Parking Features ParkingLot, Other
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Metal
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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©2026 Realcomp II Ltd. Shareholders
Listed by Kevin L Endres of Three West, LLC
NEARBY SCHOOLS & PROPERTIES
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