8597 E Bingham Rd Unit 4, Traverse City, MI 49684
Newer storage condo built in 2022 with 18-foot overhead door and natural gas heat.
- Added:
- Jun 23, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 25 at 8:32 pm
Property Features for 8597 E Bingham Rd Unit 4
General Information
- Standard status
- Active
- Size
- 1,218 SF
- Property subtype
- Industrial - Storage
Building Details
- Year Built
- 2022
Listing office Three West Commercial
Listing date Jun 23, 2026
Source Commercialcafe
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All listing content including descriptions, pricing, images are the copyrighted material of Three West Commercial
HighLights
- Commercial storage condo built in 2022 in Leelanau County, MI
- 1,218 SF unit with 20' ceiling height and 20' x 57' floor dimensions
- 18' overhead door spanning 16' wide for vehicle and storage access
- Natural gas ceiling‑mounted heating unit plus modern LED lighting
- On‑site boat and RV concierge and maintenance services included
Overview
The property is located on the north side of Bingham Rd, east of South Lake Leelanau Dr, in Leelanau County, Michigan. The setting is described as scenic, and the facility provides on-site boat and RV concierge and maintenance services for added convenience.
This unit is well suited for tenants or buyers looking for a newer, climate-heated storage space with high-clearance access. The combination of substantial door height and ceiling clearance supports storage of larger personal or recreational items, while the building’s lighting and heating support day-to-day organization and access throughout the year.
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
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.681271
- Latitude
- 44.876681
