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Listed price in listed location currency (USD).
$3,500,000

0466

MLS® 1948209

Overview

Key Facts

Type Industrial
Levels Commercial Sale
Size 47625 sqft
Garage 
Taxes 
Days Active 0
Lot Size 5.46 Acres
Approx. Age 1999
Avg. Price Per Sqft $73
MLS® Number 1948209

Property Address: 2364 Traversefield Dr, Traverse City, MI, 49686-8635

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1948209
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1999
Basement
DrivewayPaved, Parking Lot
Garage Spaces
HeatForced Air, Natural Gas
A/C

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

0 days

Today, For Sale for $3,500,000

For Sale · 0 days

$3,500,000

MLS® 1948209

13 hours ago

Not Sold Yet

July 2026, For Rent for $9

1948212-B3CEB68F-CFA1-470C-85E9-71903633521F.JPG
For Rent · 0 days

$9

MLS® 78080071262

13 hours ago

Not Leased Yet

  • Jul 20, 2026, For Rent for $9

  • Jul 20, 2026, For Sale for $3,500,000

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