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    5879 Storage Loop Dr Traverse City, MI 49685

    Sponsored
    For Sale
    $295,400

    3,840 SF Commercial Land, $295,400

    Property size:
    3,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,840 square foot commercially zoned land parcel in Traverse City, Michigan, presents a unique investment opportunity. Situated at 5879 Storage Loop Drive, 49685, this property boasts a prime location between Grawn corners (US 31) and Curtis Road, offering easy access to US 31 and West Silver Lake Road. The property features a 48' x 80' pole barn structure with steel exterior panels, 16-foot metal sidewalls, and two 16' x 16' insulated overhead doors. The building also includes a shingled roof, a 5-foot concrete apron/approach, and a 4-inch reinforced concrete slab floor. Utilities include natural gas, water, and sewer, with future bath rough plumbing already in place. An extra-wide asphalt driveway enhances accessibility. This property is part of the Silver Lake Storage Barns, a Storage Site Condominium Development, making it ideal for personal or business storage needs. All information should be independently verified.

    Property Features for 5879 Storage Loop Dr

    General Information

    Property type
    Land
    Square Feet
    3,840 SF

    HighLights

    • Asking Price: $295,400
    • Property Type: Commercial Land, Special Purpose; 3,840 square feet
    • Located at 5879 Storage Loop Drive, Traverse City, MI 49685
    • 48' x 80' pole barn with steel exterior, 16' x 16' overhead doors, and a 5' concrete apron.
    • Commercially zoned with utilities (natural gas, water, sewer) and future bath rough‑in.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6882762
    Latitude
    44.6666313

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    FAQs

    What type of property is this?
    Land - 3,840 SF Commercial Land, $295,400
    Where is this land located?
    The property is located at 5879 Storage Loop Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $295,400.
    What are key features of this property?
    This property features: Asking Price: $295,400; Property Type: Commercial Land, Special Purpose; 3,840 square feet; Located at 5879 Storage Loop Drive, Traverse City, MI 49685
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    5879 Storage Loop Dr Traverse City, MI 49685
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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
    5879 Storage Loop Dr Traverse City, MI 49685
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