8597 Bingham Rd, Traverse City, MI 49684-9599
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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