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High Lake Self Storage Investment
For Sale
$499,000

3161 Tibbets Dr, Traverse City, MI 49685

Fully rented self-storage facility with electronic payment system.

Property SizeContact for details
Lot Size1.12 Acres
Days on Market164

Property Features for 3161 Tibbets Dr

General Information

Standard status Active
Lot size 1.12 Acres
Property subtype Commercial

Building Details

Year Built 2012
Listing Agency:
Listed By: Jennifer H Martin · License #6502421294
Source: Elliman
Added: Mar 11 Changed: Aug 9 Last Checked: Aug 9 at 11:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jennifer H Martin

Investment Insights

Based on property information with market context.

High Lake Self Storage presents an 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 is in place. The sale includes the real estate, the business, signage, and a website. Electric service is available on-site. The asphalt drive provides easy access. The units were power washed in 2024. Financial information is available with a signed Non-Disclosure Agreement. The property is located at 3161 Tibbets Dr, EastBayTownship_GrandTraverse, MI 49685.

Key Highlights

  • Fully rented storage facility with a waiting list, ensuring immediate income.
  • Remote/electronic payment system simplifies business operations.
  • Real estate, business, signage, and website are included in the sale.

Property Analytics

Current Use

High Lake Self ... Storage Facility

Suggested Use

Top Pick Building Supply Restaurant Parking Lot & Garage Law Firm Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

Demographics for 49685, MI

20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Fully rented self-storage facility with electronic 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 $499,000.
What are key features of this property?
This property features: Fully rented storage facility with a waiting list, ensuring immediate income.; Remote/electronic payment system simplifies business operations.; Real estate, business, signage, and website are included in the sale.
More about this property
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