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    New Storage Barn Unit Title is generated by Realmo AI

    2409 N Aero Park Ct, Traverse City, MI 49686

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    For Sale
    $155,000

    New 1,250 SF storage unit in Traverse City, Michigan.

    Type:Commercial
    Property size:
    1,250 SF
    Price / SF:
    $124/SF
    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

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    Michael Harrison
    Michael Harrison

    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 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

    This is a new 1,250 square foot storage unit located on Aero Park Court in Traverse City. The unit is part of a 19-unit storage barn development and features a 14' x 14' overhead door. Constructed with durable steel pole barn construction, the unit is fully insulated and plumbed for a future bathroom. There are two 40'x40' units within building C. All other units in this development are 25'x50'. Purchasers may 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 location has a bike score of 64, indicating it is bikeable, and a walk score of 60, indicating it is somewhat walkable.

    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 6.73%
    Second Best
    Industrial
    $104.1K
    $91.1K – $121.4K (±1% cap)
    NOI $7,284 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Office A
    $271.5K
    $237.6K – $316.8K (±1% cap)
    NOI $19,008 @ 7.0% cap · market cap 12.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Dental Office Bar & Pub Discount Store Cafe & Coffee Shop Kitchen & Bath Showroom Computer & Electronic Repair Daycare Center Storage Facility Restaurant

    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 1,250 SF storage unit in Traverse City, Michigan.
    Where is this self storage facility located?
    The property is located at 2409 N Aero Park Ct Traverse City, MI.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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