4-8597 E Bingham Rd, Traverse City, MI 49684
Newer storage condo built in 2022 with tall ceilings and an 18-foot overhead door for flexible vehicle and equipment storage.
- Added:
- Jun 8, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 16 at 2:20 am
Property Features for 4-8597 E Bingham Rd
General Information
- Standard status
- Active
- Size
- 1,218 SF
Listing office Three West, LLC (231) 642-6300
Listing date Jun 8, 2026
Source Exprealty
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 Three West, LLC
HighLights
- 1,218 SF commercial storage condo built in 2022 in Leelanau County, MI with Cold Form steel construction
- 20' x 57' interior floor dimensions with 20‑foot ceiling height for storage of larger items and equipment
- 18' overhead door spans 16' wide for flexible loading and vehicle/equipment access
- Natural gas ceiling‑mounted heating unit plus modern LED lighting
- On‑site boat and RV concierge/maintenance services including winterizing, shrink‑wrapping, and boat service for indoor/outdoor boat storage
Overview
The property is located in scenic Leelanau County, Michigan, at 4-8597 E Bingham Rd in Traverse City. It is set up to support both storage and care services through on-site boat and RV concierge and maintenance offerings, including winterizing, shrink-wrapping, and boat service.
For buyers seeking a purpose-built storage unit, the combination of tall clearance, wide overhead access, and on-site marine-oriented services is well aligned with indoor storage needs for boats and related items. The heating system and lighting also help support year-round usability for stored equipment and personal or business inventory, depending on your operating requirements.
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 | $15.8k | $12.96 |
| − Vacancy | −$1.3k | −$1.04 |
| EGI | $14.5k | $11.92 |
| − OpEx | −$4.4k | −$3.58 |
| NOI | $10.2k | $8.35 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Leelanau Storage Space — 8700 E Bingham Rd, Traverse City, MI 49684
- Bingham Storage — 8810 E Bingham Rd, Traverse City, MI 49684
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.693023
- Latitude
- 44.878091
