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    8597 Bingham Rd Traverse City, MI 49684

    Sponsored
    For Sale
    $159,000

    Modern 1,218 sq ft storage unit, heated.

    Property size:
    1,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,218-square-foot commercial storage condo, built in 2022, presents a lucrative investment opportunity in Traverse City, Michigan's picturesque Leelanau County. Located at 8597 E Bingham Rd, Unit 4, this single-story unit boasts a spacious layout (20' x 57'), perfect for diverse storage needs. The high ceilings (20 feet) and expansive 16-foot-wide by 18-foot-high overhead door provide easy access for large items. Modern LED lighting illuminates the entire space, enhancing functionality. A natural gas ceiling-mounted heating unit ensures year-round climate control. The property is zoned for commercial use and features convenient on-site boat and RV concierge and maintenance services. The asking price is $159,000, translating to $130.54 per square foot. The APN is 001-595-004-00. This secure unit offers a blend of convenience, functionality, and accessibility in a desirable location, making it an ideal investment. The property is privately owned.

    Property Features for 8597 Bingham Rd

    General Information

    Property type
    Self storage facilities
    Square Feet
    1,218 SF

    Building Details

    Year Built
    2022
    Stories
    1

    HighLights

    • $159,000 asking price for this 1,218 square foot storage condo.
    • Located at 8597 E Bingham Rd, Unit 4, Traverse City, MI 49684.
    • Built in 2022, this single‑story, commercially zoned unit features 20‑foot ceilings and an 18' x 16' overhead door.
    • Heated unit with modern LED lighting.
    • On‑site boat and RV concierge and maintenance services available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Accounting Firm HVAC Service Storage Facility Daycare Center Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.6819521
    Latitude
    44.8782855

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    FAQs

    What type of property is this?
    Self storage facility - Modern 1,218 sq ft storage unit, heated.
    Where is this self storage facility located?
    The property is located at 8597 Bingham Rd Traverse City, MI.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: $159,000 asking price for this 1,218 square foot storage condo.; Located at 8597 E Bingham Rd, Unit 4, Traverse City, MI 49684.; Built in 2022, this single-story, commercially zoned unit features 20-foot ceilings and an 18' x 16' overhead door.
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    Traverse City, MI 49684
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8597 Bingham Rd Traverse City, MI 49684
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