Active
Leased Investment Property
2325 Sybrandt Rd, Traverse City, MI 49684
1 / 37
Overview
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.9% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
For Sale
Industrial
Secondary Uses: Warehouse/Office, Warehouse/Distribution, Warehouse/Flex
- Sale Price
- $4,300,000
- Price Per SF
- $72.9/SF
- Building Size
- 58,960 SF
- Office SF
- 4,700 SF
- Acres
- 3.46 ac
- Zoning
- I-G
- Zoning Desc.
- General Industrial
- # of Buildings
- 1
- Floors
- 1
- Year Built
- 1953
- Nearest MSA
- Traverse City
- Tax ID Number
- 05-310-007-00 & 05-310-006-00
- Property Use Type
- Investment
- Property Status
- Existing
- Avg. Occupancy
- 100%
- Dock Number
- 3
- Drive-In Number
- 4
- Ceiling Height
- 16' - 16'
- Nearest Airport
- TVC
- Power
- 480 V @ 800 A, 3 Phase
- County
- Grand Traverse
- Listed
- 04/01/2026
- Updated
- 04/08/2026
- Listing ID
- 70264a6c
- Parcel APN
- 05-310-007-00