2960 Arbutus Hill Road
Traverse City, MI, 49696 $ 3,800,000
Bedrooms-- Baths22.0 Monthly Estimate*
$ 23,994
for $3,800,000 with 22 full baths. 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. With direct frontage right on Garfield Rd, this property offers offers high-visibility and easy-access for commercial uses - such as retail or office space - or businesses providing services to travelers - including restaurants, motels, convenience stores, etc. (subject to local zoning and use permits). Guests can enjoy the award-winning restaurants, wineries, and festivals right in Traverse City - which has become known worldwide as a highly-desired tourist destination - then retreat after their busy day of sight-seeing to their private comfortably furnished unit in a peaceful country setting. This property is conveniently located near the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and parks, which offer year-round recreational opportunities - including hiking, fishing, canoeing, snowmobiling, birdwatching, and more. • The Flintfields Horseshows - Williamsburg, MI - 16 Miles • Interlochen Arts Academy - 21 Miles • Sleeping Bear Dunes - 48 Miles • Marina in the heart of downtown Traverse City - 12 Miles • Turtle Creek Baseball Stadium - 13 Miles • Turtle Creek Casino - Williamsburg, MI - 16 Miles • Mackinac Bridge - 124 Miles
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FeaturesInteriorInterior Amenities Broadband
Total Stories 0
Basement (Y/N) N
Heating Y/N Y
Total Baths 22
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GeneralSewer Septic Tank
Heating Forced Air
Utilities Electricity Available Phone Connected Electricity Connected Propane
Possession Close Plus 30 Days Subject To Tenant Rights
Roof Metal
Exclusions Dining room chandelier in the main residence.
Year Built 1955
Township East Bay Twp
Property Subtype Business
Tax Year 2025
Ownership Private Owned
Business Type Other Recreation
County Grand Traverse County
New Construction N
Property Type Commercial Sale
Full Baths 22
Status Active
Directions From the Cherry Capital Airport in Traverse City Michigan - head west on South Airport Road to Garfield Road then head south on Garfield to property at the corner of Garfield Road and Arbutus Hill Ro
City Traverse City
High School District Traverse City
Zoning Description COMM - RES
Number Of Units Total 20
Lot Size Units Acres
Lot Size Square Feet 1589940.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 110884
Legal Description Lengthy legal descriptions available by request. Be aware there are six parcels with six lengthy legal descriptions.
Senior Community None
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ExteriorWater Source Private Water Well
Inclusions Real Estate Furniture
Lot Size Area 36.5
Number of Buildings 30
Spa N
Building Area Total 0.0
Lot Dimensions 370 x 162 x 160 x 454 x 1070 x 1800
Lot Size Acres 36.5
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByTraverse City RealtyBroker
irishheintzelman@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $23,994
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyCommerical 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
Trends Information provided by ATTOM Data Solutions.
4593364 Elementary School
4593362 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/24/2026 | $3,800,000 | | Listed Price |