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    5896 Storage Loop Dr Traverse City, MI 49685

    For Sale
    $256,900

    Storage site condominium development with easy access and commercial zoning.

    Building Details

    Year built
    2025

    Source: Coldwell Banker Schmidt Traver Agent Tia N Rieck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Silver Lake Storage Barn Condominium

    Silver Lake Storage Barns is a storage site condominium development featuring pole barn construction with steel exterior panels. The property is located just off of US 31 and West Silver Lake Road, providing easy access. Each unit measures 40 x 60 feet and features 16-foot metal sidewalls, along with two 14' x 14' insulated overhead doors and a shingled roof. A 5-foot concrete apron provides approach. Interior features include a finished bathroom with a stool, sink, vanity light, fan with light, and a small electric heater with a 2.5-gallon water heater. The side walls are insulated with batting, and the ceiling is insulated with blown-in cellulose. A forced-air natural gas unit heater is installed. The side walls and ceiling are finished in white steel, and a ceiling fan is located in the center of the barn. A 30 AMP outlet is included. An extra-wide asphalt driveway provides ample space. The property is commercially zoned and suitable for personal or business storage needs.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6206
    Latitude
    44.7632

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    FAQs

    What type of property is this?
    Self storage facility - Storage site condominium development with easy access and commercial zoning.
    Where is this self storage facility located?
    The property is located at 5896 Storage Loop Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $256,900.
    What are key features of this property?
    This property features: - 40 x 60 Storage Unit with **16 FT Sidewalls**; - Excellent Location with Easy Access off US 31; - (2) **14'x 14' Insulated Overhead Doors**
    (231) 620-5389
    Request Owner's contact information
    5896 Storage Loop Dr Traverse City, MI 49685
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5896 Storage Loop Dr Traverse City, MI 49685
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