8597 E Bingham Road, Traverse City, MI 49684
Storage Condo - Traverse City, MI
- Added:
- Jun 8, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 18 at 12:06 pm
Property Features for 8597 E Bingham Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 1,218 SF
- Lot size
- 0.03 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2022
- Roof type
- Metal
- Architectural style
- Other
Listing agent David Coonrod (231) 642-6300
Listing office Three West, LLC 1131 E. Eighth Street, Traverse City, MI (231) 929-2955
Listing date Jun 8, 2026
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1,218 SF commercial storage condo built in 2022 with Cold Form steel construction
- 18' overhead door spans 16' wide, with a 20' x 57' floor area and 20' ceiling height
- Modern LED lighting throughout
- Natural gas ceiling‑mounted heating with forced air system
- Metal roof and basement included
- On‑site boat and RV concierge/maintenance services include indoor/outdoor boat storage, winterizing, shrink‑wrapping, and boat service
Overview
Located at 8597 E Bingham Road in Traverse City, within Leelanau County, the property is positioned to serve storage users throughout the area. The offering is presented as a storage condo configuration, and the property remarks highlight on-site support for both indoor and outdoor boat storage services.
This space is well suited for tenants or operators looking for higher-clearance, heated storage with straightforward access. With the combination of wide overhead-door clearance and a full-height interior, it can accommodate a variety of storage requirements, including marine-oriented uses. On-site concierge and maintenance services for indoor and outdoor boat storage are noted, including winterizing, shrink-wrapping, and boat service, providing practical support for customers who want managed care for their equipment.
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
- -85.682592
- Latitude
- 44.87866
