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    New Storage Units For Sale Title is generated by Realmo AI

    2407 N Aero Park Ct, Traverse City, MI 49686

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    Claim this Listing
    For Sale
    $159,000

    New 19-unit storage development with secure, insulated spaces.

    Type:Commercial
    Property size:
    1,250 SF
    Price / SF:
    $127/SF
    Added:
    Apr 24, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 24 at 7:55 pm

    Property Features for 2407 N Aero Park Ct

    General Information

    Standard status
    Active
    Size
    1,250 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2025

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    Listing Contact
    Sean Kickbush
    Sean Kickbush

    Listing agent Sean Kickbush License #6501403084

    Listing office CENTURY 21 Northland

    Listing date Apr 24, 2026

    Source Elliman

    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 CENTURY 21 Northland

    HighLights

    • Brand new, secure 1,250 sq ft storage unit in a prime Traverse City location.
    • Durable steel pole barn construction with full insulation.
    • Plumbed for a future bathroom.
    • 14' x 14' overhead door for easy access.
    • Opportunity to purchase multiple adjoining units without interior partitions (if purchased before completion).
    • Option to add a finished bathroom and heater for $15,000.

    Overview

    This is a brand new, 19-unit storage barn development located on Aero Park Ct in Traverse City. The available unit offers 1,250 square feet of secure space and includes a 14' x 14' overhead door. Constructed with durable steel pole barn construction, the unit is fully insulated and plumbed for a future bathroom. Within building C, two units measure 40'x40', while all other units in the development are 25'x50'. Purchasers have the option to acquire multiple units without interior partitions if purchased before those units are finished. A finished bathroom and heater can be added for $15,000. The building process follows an alphabetical order from A to E.

    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
    1,250 SF · lease $12.96/SF/yr · vacancy 8.00% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $149.0K
    $130.4K – $173.9K (±1% cap)
    NOI $10,433 @ 7.0% cap · market cap 6.56%
    Second Best
    Industrial
    $104.1K
    $91.1K – $121.4K (±1% cap)
    NOI $7,284 @ 7.0% cap · market cap 4.58%
    Theoretical Best
    Office A
    $271.5K
    $237.6K – $316.8K (±1% cap)
    NOI $19,008 @ 7.0% cap · market cap 11.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -85.5745399
    Latitude
    44.7456088

    FAQs

    What type of property is this?
    Self storage facility - New 19-unit storage development with secure, insulated spaces.
    Where is this self storage facility located?
    The property is located at 2407 N Aero Park Ct Traverse City, MI.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Brand new, secure 1,250 sq ft storage unit in a prime Traverse City location.; Durable steel pole barn construction with full insulation.; Plumbed for a future bathroom.
    More about this property
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