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Property profile & analytics
OFF-MARKET
Specialty properties

5925 Storage Loop Dr Traverse City, MI 49685

3,200 SF
Property ID
Property summary
AI-generated overview

This exceptional 3,200 square foot commercial property, located at 5925 Storage Loop Drive in Traverse City, Michigan, presents a unique investment opportunity. Situated in the Silver Lake Storage Barns condominium development, this pole barn boasts a prime location, easily accessible from US 31 and West Silver Lake Road, between Grawn corners (US 31) and Curtis Road. The structure features durable steel exterior panels, a shingled roof, and a 4" reinforced concrete slab floor. Access is enhanced by a 5-foot concrete apron and an extra-wide asphalt driveway. The interior includes a finished bathroom with standard fixtures (toilet, sink, vanity light, fan with light, small electric heater, and a 2.5-gallon water heater), insulated side walls and ceiling, a forced-air natural gas unit heater, additional electrical outlets, and a ceiling fan. Two 14' x 14' insulated overhead doors provide ample access. The building is heated and measures 40' x 80' with 16-foot metal side walls. Utilities include natural gas, water, and community septic (see disclosure statement for details). Commercially zoned, this property is ideal for personal or business storage needs. The asking price is $304,900.

Property profile
Verified
Property type Specialty properties
Total area 3,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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