Furnished Rental Resort
For Sale
$3,800,000
2960 Arbutus Hill Road, Traverse City, MI 49696
Commercial Sale, Traverse City, MI
Property SizeContact for details
Lot Size36.50 Acres
Days on Market145
Property Features for 2960 Arbutus Hill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
COMM - RES
Bathrooms
22
Full bathrooms
22
Rooms
Bathroom 22, Bathroom 2, Bathroom 13, Bathroom 17, Bathroom 15, Bathroom 7, Bathroom 3, Bathroom 6, Bathroom 21, Bathroom 4, Bathroom 10, Bathroom 19, Bathroom 8, Bathroom 14, Bathroom 16, Bathroom 20, Bathroom 12, Bathroom 18, Bathroom 9, Bathroom 1, Bathroom 11, Bathroom 5
Interior features
Broadband
Elementary school district
Traverse City
Middle school district
Traverse City
High school district
Traverse City
Directions
From the Cherry Capital Airport in Traverse City, Michigan - head west on South Airport Road to Garfield Road then head south on Garfield to property at the corner of Garfield Road and Arbutus Hill Road.
Standard status
Active
APN
28-03-116-019-00
Lot size
36.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lengthy legal descriptions available by request. Be aware there are six parcels with six lengthy legal descriptions.
Legal Description
Lengthy legal descriptions available by request. Be aware there are six parcels with six lengthy legal descriptions.
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Private, Well
Building Details
Year built
1955
Number of units
20
Roof type
Metal
Listing Agency:
Traverse City Realty
Listed By:
Brenda S Irish-Heintzelman
(231) 929-4737
Added: Apr 22
Changed: Sep 12
Last Checked: Sep 13 at 7:06AM
MLS# 26017794
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This resort property spans 36.5 acres and includes 18 furnished rental units with one-, two-, and three-bedroom layouts. The improvements also include a four-bedroom main residence with an attached apartment, along with 22 bathrooms. Building features include a metal roof, forced-air heating, broadband, propane service, a private well, and septic systems.
The property has direct frontage on Garfield Road and is located 8 miles south of Cherry Capital Airport. Traverse City is 12 miles away, while the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and area parks provide nearby recreational destinations. Other regional attractions listed include Interlochen Arts Academy at 21 miles, Sleeping Bear Dunes at 48 miles, and Mackinac Bridge at 124 miles.
The existing accommodations may support resort, vacation rental, corporate retreat, extended-stay, or special-event uses, subject to local zoning and use permits. The Garfield Road frontage also supports consideration of traveler-oriented commercial uses, including retail, office, restaurant, motel, or convenience operations, subject to applicable approvals.
The property has direct frontage on Garfield Road and is located 8 miles south of Cherry Capital Airport. Traverse City is 12 miles away, while the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and area parks provide nearby recreational destinations. Other regional attractions listed include Interlochen Arts Academy at 21 miles, Sleeping Bear Dunes at 48 miles, and Mackinac Bridge at 124 miles.
The existing accommodations may support resort, vacation rental, corporate retreat, extended-stay, or special-event uses, subject to local zoning and use permits. The Garfield Road frontage also supports consideration of traveler-oriented commercial uses, including retail, office, restaurant, motel, or convenience operations, subject to applicable approvals.
Key Highlights
- 36.5 acres with direct frontage on Garfield Road
- 18 furnished rental units with 1-, 2-, and 3‑bedroom layouts
- Four‑bedroom main residence with attached apartment
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Resort - Resort property with furnished accommodations, a main residence, and direct Garfield Road frontage on 36.5 acres.
Where is this resort located?
The property is located at 2960 Arbutus Hill Road Traverse City, MI.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 36.5 acres with direct frontage on Garfield Road; 18 furnished rental units with 1-, 2-, and 3‑bedroom layouts; Four‑bedroom main residence with attached apartment
