2960 Arbutus Hill Road Traverse City, MI ^$ 3,800,000

2960 Arbutus Hill Road

^$ 3,800,000

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2960 Arbutus Hill Road

Traverse City, MI, 49696

^$ 3,800,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 23,994

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Commercial Property for sale in Traverse City, MI

for $3,800,000. This building was built in 1955 on a lot size of 36.5.

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.

Commercial Active

Price

^$ 3,800,000

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

36.5

Year Built

1955

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

70527485

Features

General

Heating Forced Air

Roof Metal

Status Active Active

Year Built 1955

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Municipality East Bay Twp

Zoning Commercial Residential

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Furniture

Area East Bay Twp (28003)

Primary City Traverse City

Directions From the Cherry Capital Airport in Traverse City

City Traverse City

Financial Terms Cash Conventional

Legal Description Lengthy legal descriptions available by request. Be aware there are six parcels with six lengthy legal descriptions.

DOM 162

Postal Code 49696

Public Remarks 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

Exterior

Exterior Frame Wood

Frontage 370

Lot Size Area 36.5

Lot Dimensions 370 x 162 x 160 x 454 x 1

Waterfront Y/N No

Interior

Fuel Type LP/Propane Gas Wood

* Excluded Features

List By

Brenda Irish-Heintzelman

Listing Agent

Traverse City Realty

Broker

irishheintzelman@gmail.com

Affordability Calculator

$23,994

Per Month

Monthly Principal & Interest: $23,994
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$883,094

Percent of Sale Price 77%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2026	$3,800,000		Listed Price

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2960 Arbutus Hill Road, Traverse City, MI, 49696 is a Commercial Property for sale at $3,800,000 with a lot size of 36.5. 2960 Arbutus Hill Road was built in 1955. The property's zip code is 49696 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2960 Arbutus Hill Road

Commercial Property for sale in Traverse City, MI

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