$3,800,000
Traverse City, MI 49696
MLS# 26017794
22 baths
1 / 52
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.
Details
Location & Property Info
Cross Streets: Garfield Rd / Arbutus Hill Rd
Property Sub-Type: Business Opportunity
Municipality: East Bay Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 370 x 162 x 160 x 454 x 1070 x 1800
Road Frontage: 370
Mineral Rights: Available
Waterfront: No
Total # Units: 20
Total # Bldgs: 30
# Fin Bldg Lvls: 0
Total SqFt: 0
Property Use Type: Business
School District: Traverse City
Lot Measurement: Acres
Lot Acres: 36.5
Lot Square Footage: 1589940
Year Built: 1955
Full Baths: 22
Total Baths: 22
Tax Info
Taxable Value: 110884
SEV: 309300
For Tax Year: 2025
Seller's Annual Property Tax: 0
Tax Year: 2025
Homestead %: 7
Spec Assessment & Type: no
Zoning: COMM - RES
Tax ID #: 28-03-116-019-00
Remarks & Misc
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, 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.
Legal: Lengthy legal descriptions available by request. Be aware there are six parcels with six lengthy legal descriptions.
Utilities Attached
Electricity Connected: 1
Phone Connected: 1
Propane: 1
Sewer
Septic Tank: 1
Water
Private Water: 1
Well: 1
Uses
Recreation: 1
Other: 1
Construction Type
Frame/Wood: 1
Roofing
Metal: 1
Heat Source
Propane: 1
Wood: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Business Includes
Furniture: 1
Real Estate: 1
Other: 1
Util Avail at St
Electricity Available: 1
High Speed Internet: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Plus 30 Days: 1
Subject To Tenant Rights: 1
Location Property Info
County: Grand Traverse County
Street #: 2960
Street Name: Arbutus Hill
Suffix: Road
State: MI
Zip Code: 49696
Zip (4): 8323
OfficeContract Info
Status: Active
Current Price: $3,800,000
List Price: $3,800,000
Listing Date: 2026-04-22
Remarks Misc
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 Road.
Property Features
Uses: Recreation; Other
Business Includes: Furniture; Real Estate; Other
Construction Type: Frame/Wood
Roofing: Metal
Sewer: Septic Tank
Water: Private Water; Well
Utilities Attached: Electricity Connected; Phone Connected; Propane
Util Avail at St: Electricity Available; High Speed Internet
Heat Source: Propane; Wood
Heat Type: Forced Air
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Plus 30 Days; Subject To Tenant Rights
Supplements
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
Listing Office: Traverse City Realty
Listing Agent: Brenda S Irish-Heintzelman
Last Updated: August - 05 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.