Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Specialty properties

    2960 Arbutus Hill Rd, Traverse City, MI 49696

    1,646 SF 13 ac lot Built 1955
    Individually Owned Free & Clear
    Property ID
    US43-2427066
    Property summary
    AI-generated overview

    Embrace this exceptional opportunity to acquire the established Shoestring Resort, a charming 1960s-style retreat nestled on 38.54 acres of tranquil Michigan landscape in Traverse City. This turnkey operation includes 19 rental units offering diverse accommodations: 10 cabins, 7 manufactured homes, 1 studio apartment, and 1 cottage, catering to a variety of traveler preferences. The property also boasts a comfortable 4-bedroom, 2-bathroom owner/manager home, ideal for on-site living. This beloved resort, operating successfully for over 30 years, provides a unique blend of vintage charm and modern comfort, offering guests a chance to reconnect with nature. Conveniently located near the Brown Bridge Quiet Area Trailhead (5-minute drive) and just a block from the Boardman River, this property presents a rare chance to own a piece of history and continue its legacy of providing unforgettable vacation experiences. The asking price is $1,115,000. The total square footage is 11,816. Access detailed zoning information at www.eastbaytwp.org. Please respect the privacy of employees, tenants, and guests by arranging a private showing and refraining from on-site discussions regarding this listing or the business.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1955
    Total area 1,646 SF
    Lot 13 ac (566,280 SF)
    APN 03-116-019-00
    UPID US43-2427066
    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
    Current use
    Occupant on record · Public records
    • Shoestring Resort Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    MARLENE D GRANT
    MARLENE D GRANT
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message