Furnished Rental Resort
For Sale
$3,800,000
2960 Arbutus Hill Road, Traverse City, MI 49696
COMMERCIAL - Traverse City, MI
Property SizeContact for details
Lot Size36.50 Acres
Days on Market122
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 17, Bathroom 20, Bathroom 3, Bathroom 13, Bathroom 6, Bathroom 4, Bathroom 9, Bathroom 21, Bathroom 10, Bathroom 19, Bathroom 8, Bathroom 2, Bathroom 7, Bathroom 12, Bathroom 22, Bathroom 16, Bathroom 11, Bathroom 15, Bathroom 1, Bathroom 18, Bathroom 14, 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
(231) 929-4737
Listed By:
Brenda S Irish-Heintzelman
(231) 929-4737
Added: Apr 22
Changed: Aug 5
Last Checked: Aug 21 at 6:06PM
MLS# 26017794
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Investment Insights
Based on property information with market context.
Set across 36.5 acres, this resort property includes 18 furnished rental units with one-, two-, and three-bedroom configurations. The site also features a four-bedroom main residence with an attached apartment, providing additional on-site accommodations. Improvements date to 1955 and include a metal roof, forced-air heating, broadband, propane service, a private well, and septic infrastructure.
The property is 8 miles south of Cherry Capital Airport and offers access to the Traverse City area, with downtown marina facilities 12 miles away. Nearby recreational destinations include the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and surrounding parks. Other listed regional attractions include Flintfields Horseshows and Turtle Creek Casino, each 16 miles away, Interlochen Arts Academy at 21 miles, Sleeping Bear Dunes at 48 miles, and Mackinac Bridge at 124 miles. Additional uses are subject to local zoning and use permits.
The property is 8 miles south of Cherry Capital Airport and offers access to the Traverse City area, with downtown marina facilities 12 miles away. Nearby recreational destinations include the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and surrounding parks. Other listed regional attractions include Flintfields Horseshows and Turtle Creek Casino, each 16 miles away, Interlochen Arts Academy at 21 miles, Sleeping Bear Dunes at 48 miles, and Mackinac Bridge at 124 miles. Additional uses are subject to local zoning and use permits.
Key Highlights
- 36.5‑acre resort property in Traverse City, MI
- 18 furnished rentals with 1-, 2-, and 3‑BR layouts
- Four‑bedroom main residence with attached apartment
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Resort - Eighteen furnished units include one-, two-, and three-bedroom layouts alongside an on-site residence and apartment.
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‑acre resort property in Traverse City, MI; 18 furnished rentals with 1-, 2-, and 3‑BR layouts; Four‑bedroom main residence with attached apartment
