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    3161 Tibbets Dr Traverse City, MI 49685

    For Sale
    $544,900

    Fully rented self-storage facility with remote payment system.

    Lot size:
    1.12 Acres

    Property Features for 3161 Tibbets Dr

    General Information

    Lot size
    1.12 Acres

    Building Details

    Year built
    2012

    Source: REO - Elk Rapids-101308 Agent Jennifer H Martin

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

    Overview

    High Lake Self Storage Investment

    High Lake Self Storage presents a notable investment opportunity. The property features 35 units of varying sizes, all currently rented with a waiting list. Several larger units offer flexible space configurations, with movable walls allowing division into two separate units. A fully remote electronic payment system simplifies business operations. The sale includes the real estate, the business itself, signage, and the website. The property features an asphalt drive for easy access. Electric is available on-site. The units were power washed in 2024.
    Insight Report Location Intelligence

    Current Use by Public Records

    High Lake Self ... Self-Storage Facility

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Hair Salon Nail Salon Hotel & Motel Pharmacy Storage Facility Pawn Shop

    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
    -85.5148263
    Latitude
    44.696192

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    FAQs

    What type of property is this?
    Self storage facility - Fully rented self-storage facility with remote payment system.
    Where is this self storage facility located?
    The property is located at 3161 Tibbets Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $544,900.
    What are key features of this property?
    This property features: - Fully rented storage units with a waiting list, ensuring immediate income; - Real estate and business included in the sale; - Fully remote/electronic payment system for simplified management
    (231) 499-0679
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    3161 Tibbets 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
    3161 Tibbets Dr Traverse City, MI 49685
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