2960 Arbutus Hill Rd, Traverse City, MI 49696
For Sale
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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.
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Shoestring Resort Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.