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$ 3,800,000
Est. payment /mo
Active
2960 Arbutus Hill Road Traverse City, MI 49696-8323
36.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70527485
Year Built 1955
Tax Year 2025
Lot Size 36.500 Acres
Acres 36.5
Lot Dimensions 370 x 162 x 160 x 454 x 1
Property Sub-Type Business
Property Description
Location, easy-access, high visibility, and income potential all come together in this unique Northern Michigan property. Located 8 miles south of Cherry Capital Airport, this property offers 36 acres + with 18 furnished rentals including 1, 2, and 3-BR units - in addition to a four-bedroom main residence on-site with attached apartment. This is an exceptional opportunity for investors, short-term rental buyers, or developers looking for prime real estate in one of Michigan's most popular year-round tourist destinations - Traverse City. The existing units provide the foundation for a resort, vacation rental community, corporate retreat, extended-stay property, special event venue, or other income-producing ventures.
Location
State MI
County Grand Traverse
Area East Bay Twp (28003)
Zoning Commercial,Residential
Interior
Heating Forced Air
Exterior
Roof Type Metal
Building
Structure Type Frame,Wood
Others
Energy Description LP/Propane Gas,Wood
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Traverse City Realty