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    OFF-MARKET
    Commercial real estate

    8597 Bingham Rd, Traverse City, MI 49684-9599

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2000835
    Property summary
    AI-generated overview

    This exceptional 1,218-square-foot commercial storage condo, built in 2022, presents a fantastic investment opportunity in Traverse City, Michigan's scenic Leelanau County. Located at 8597 E Bingham Rd, Unit 5, this single-story unit boasts a spacious layout (20' x 57') with an impressive 20-foot ceiling height and modern LED lighting. The unit features a large 16-foot wide by 18-foot high overhead door, providing easy access for a variety of storage needs. A natural gas ceiling-mounted heating unit ensures year-round comfort. The property is zoned for commercial use and includes the convenience of on-site boat and RV concierge and maintenance services. The asking price is $159,000, translating to $130.54 per square foot. The property's APN is 001-595-005-00 and is situated in a prime location within the 49684 zip code. This secure unit offers a blend of functionality and accessibility, making it an ideal investment for various storage-related businesses or individual needs. The property is a self-storage condo.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 001-595-003-00
    UPID US43-2000835
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    LEELANAU BOAT HOLDINGS LLC
    LEELANAU BOAT HOLDINGS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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