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SEARCH COMMERCIAL REAL ESTATE IN GRAND TRAVERSE COUNTY 

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Kevin Endres, PE
kendres@threewest.net


Rick Deneweth, JD
rdeneweth@threewest.net

Dave Frost

dfrost@threewest.net

Stan Tornga, CPM
stornga@threewest.net


Stephanie Endres
sendres@threewest.net



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COMING SOON
Stay tuned for some exciting news from Three West. We're expanding and will be unveiling our new look and website this fall.
 
NOW AVAILABLE
storagebythepallet
Convenient | Cost Effective | Secure

Storage by the Pallet is now available through Three West.  Is your shop floor crowded? Having problems with off-site storage? Prices start as low as $5.00/pallet/month. Clear your valuable floor space for the next two weeks or the next few months. E-mail Dave Frost to learn how well it works.
 
Northern Michigan's Commercial Real Estate Newsletter
Where has the time gone?  It's been a while since we published our Newsletter.  Not because we didn't want to, but because the market has been hot and we have been busy.  For details on how hot it has been, see the Market Recap below.

Also below is an article detailing the state of Industrial/Manufacturing Market and the lack of inventory due to a large sell off in the spring as well as an article about some notable sales made in the past 6 months. We're always looking for great inventory to sell.  If you would like some help, please let us know.
2012 Commercial Real Estate Market Recap
Market Report Icon This winter and early spring sure was a shot in the arm for the Commercial Real Estate Market in Grand Traverse County! Not only did we see the temps get hot early, but the sales were hot as well.

Transactions for the first 6-months of this year totaled 241,751 SF and amounted to $10,872,400 in sales, which is way up from this same time period last year were we had only 113,297 SF of inventory totaling $6,165,940 in sales.

Some of the big movers where in the Industrial/Manufacturing market.  More SF was sold in this market in the first few months of this year than all of 2011.  (For more on this, see the story below) The Retail/Restaurant property sales seem to be on track with where they were last year with the Office/Medical market lagging due to some large office sales in Copper Ridge last year.

 

2012 MARKET RECAP - SOLD PROPERTIES YTD   

 

BLDG         TOTAL         AVG              AVG           AVG SOLD      AVG DAYS 

TYPE             SF         BLDG SF    SOLD PRICE      PRICE/SF      ON MARKET

Office /

Medical         35,696       7,139          $580,000          $107                  240 

 

Industrial /

Warehouse   171,357   11,424          $319,107          $44                   438  

 

Retail /

Restaurant    34,698      4,957          $300,700            $71                  328

 

*All sales data is reported by Traverse Area Association of Realtors 

 

To download the full Market Report, Click Here.

 

If you have any questions regarding this report or have interest in selling your property or buying a new one, Contact Us 
WHERE DID ALL THE BUILDINGS GO?
Industrial/Manufacturing Inventory Sold in 2012

1732 Barlow
1732 Barlow Street
(For Sale or Lease)
If you were waiting for the bottom and you blinked, you might have missed it. It's behind us and we are on the way up. In the last year we saw a rapid absorption of inventory with seven big box industrial buildings being sold with one more currently under contract, absorbing 360,937 sq ft of available space.

Only three large industrial buildings remain available for sale. If you are looking to lease, you only have four large industrial to choose from. See chart below.

AVAILABLE FOR SALESQ FT
1610 Barlow41,500
1567 W S Airport80000
1732 Barlow61760

AVAILABLE FOR LEASESQ FT
6893 Sullivan Rd30,000
2382 Cass17000
1610 Barlow27996
1732 Barlow21760 - 61760

Three West is very familiar with this remaining inventory and is happy to set up showings or answer any questions you may have regarding these available spaces.
Click Here to Contact Us
SOLD!
Notable Sales By Three West This Year So Far
2170 Traversefield
2170 Traversefield Drive 

- Building Size: 20,100 SF
- Property Type: Indus/Mfctg
- List Price: $825,000
- Sold Price: $775,000
- Sold Price/SF: $39/SF
- Month Sold: March      
 
  2364 2364 Traversefield Dr Traversefield Drive  
- Building Size: 47,625 SF
- Property Type: Indus/Mfctg
- List Price: $1,595,000
- Sold Price: Not Disclosed
- Month Sold: March

                                          
 
343
Hughes Dr 343Hughes Drive  
- Building Size: 20,700 SF
- Property Type: Indus/Mfctg
- List Price: $625,000
- Sold Price: $550,000
- Sold Price/SF: $27
- Month Sold: April



406 S Union   406 S Union St
- Building Size: 3,900 SF
- Property Type: Retail
- List Price: $549,000
- Sold Price: $450,000
- Sold Price/SF: $115
- Month Sold: May



4144 M-72 4144 M-72

- Building Size: 3,600 SF
- Property Type: Retail
- List Price: $379,000
- Sold Price: $325,000
- Sold Price/SF: $90
- Month Sold: May



We are always looking for great Inventory to sell.  If you are considering selling your property and are interested in speaking with one of our  associates, please contact us.Click Here to Contact Us.
Referrals are our greatest compliments!  If you know someone who needs help in buying or selling their commercial real estate, please forward this e-mail and our contact information to them. Thank you, your referrals are always greatly appreciated.

Sincerely,

Three West, LLC
Commercial Real Estate | Consulting

 
Always Search Commercial Properties @ www.threewest.net
Three West, LLC is a Licensed Real Estate Broker in the State of Michigan
Office 231.929.2955 | Fax 231.929.2970