2960 Arbutus Hill Road
East Bay Twp, MI, 49696 $ 3,800,000
Bedrooms-- Baths22.0 Monthly Estimate*
$ 23,994
Commercial Property for sale in East Bay Twp, MI
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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FeaturesGeneralSewer SepticTank
Heating ForcedAir Propane Wood
Utilities ElectricityConnected PhoneConnected Propane
Possession ClosePlus30Days SubjectToTenantRights
Roof Metal
Construction Materials Frame WoodSiding
Year Built 1955
Property Subtype BusinessandRealEstate
Tax Year 2025
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Garage Y/N N
Building Features Furniture
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 R
City Unknown_OutOfState
Disclosures MineralRightsAvailable
Senior Community Y/N N
High School District TraverseCity
Zoning Description Other
Number Of Units Total 20
MLS Area Area28051EastBayTwp
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
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.
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ExteriorWater Source Private Well
Lot Size Area 1589940.0
Number of Buildings 30
Spa N
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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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Total Baths 22
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* Excluded FeaturesList ByBrenda S Irish-HeintzelmanListing Agent
Traverse City RealtyBroker
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 NearbyTrends Information provided by ATTOM Data Solutions.
4909576 Elementary School
4909840 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/24/2026 | $3,800,000 | | Listed Price |