2409 N Aero Park Ct, Traverse City, MI 49686
New 1,250 SF storage unit in Traverse City, Michigan.
- Added:
- Apr 24, 2026
- Days on Market:
- 74
- Last Refresh:
- Apr 24 at 7:55 pm
Property Features for 2409 N Aero Park Ct
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing office CENTURY 21 Northland (231) 633-2549
Listing date Apr 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Northland
HighLights
- Brand new, secure storage unit in a prime Traverse City location.
- 1,250 sq ft of space with a 14' x 14' overhead door.
- Durable steel pole barn construction and fully insulated.
- Plumbed for a future bathroom.
- Opportunity to acquire multiple units without interior partitions (if purchased before completion).
- Option to add a finished bathroom and heater for $15,000.
Overview
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.2k | $12.96 |
| − Vacancy | −$1.3k | −$1.04 |
| EGI | $14.9k | $11.92 |
| − OpEx | −$4.5k | −$3.58 |
| NOI | $10.4k | $8.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.5745399
- Latitude
- 44.7456088