5831 Storage Loop Drive Unit 33A, Traverse City, MI 49685
Pole-barn storage unit with a 14' x 14' insulated overhead door and reinforced slab floor for flexible personal or business use.
- Added:
- Jun 5, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 15 at 2:58 am
Property Features for 5831 Storage Loop Drive Unit 33A
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2026
Listing office Reo-tcrandolph-233022 (231) 883-6837
Listing date Jun 5, 2026
Source Xome
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 Reo-tcrandolph-233022
HighLights
- 30' x 50' pole‑barn storage structure with 16 ft metal side wall construction
- 14' x 14' insulated overhead door plus extra‑wide asphalt driveway
- 4" reinforced concrete slab floor and 5 FT concrete apron/approach
- Commercially zoned storage site condominium development with private roads and overhead doors
- Utilities include natural gas, water & sewer, plus a 30 AMP outlet
- Future bath rough‑plumbed; shingled/asphalt roof; expected ready early summer 2026
Overview
The property is described as having easy access just off US 31 and West Silver Lake Road. The site is commercially zoned and includes utilities such as natural gas, water, and sewer, along with a 30 AMP outlet. An extra-wide asphalt driveway supports vehicle access and maneuvering within the storage setting.
This unit is suited for tenants or owners seeking controlled, enclosed storage space for personal items or business-related goods. With the insulated overhead door, durable concrete work, and on-site utility provisions, it can support a range of practical storage needs. A future bath is noted as rough plumbed, and the development is expected to be ready in early Summer 2026.
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 | $19.4k | $12.96 |
| − Vacancy | −$1.6k | −$1.04 |
| EGI | $17.9k | $11.92 |
| − OpEx | −$5.4k | −$3.58 |
| NOI | $12.5k | $8.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6206
- Latitude
- 44.7632
