2364 Traversefield DR, Garfield Twp, MI 49686

$3,500,000

Est. payment /mo
Est.Price: ?

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2364 Traversefield DR Garfield Twp, MI 49686

46,376 SqFt

SOLD DATE : 10/15/2026

Key Details

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 46,376 sqft

Price per Sqft $71

MLS Listing ID 78080071263

Sold Date 10/15/26

Year Built 1999

Lot Size 5.460 Acres

Acres 5.46

Property Description

Three West Commercial is pleased to present 2364 Traversefield Drive, a 46376 SF industrial warehouse on 5.40 acres in Traverse City's Traversefield Enterprise Place. The building features a clear-span and a 2012 renovation added an 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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Realty Executives Showcase Commercial

Realty Executives Showcase Commercial

+1(586) 726-4600

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Realcomp MLS
Listed by Kevin L Endres of Three West, LLC
Bought with Three West, LLC

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Realty Executives Showcase Commercial

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