Agent profile image in chat bubble
Agent profile image in chat header

Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

Agent profile image in message

2960 Arbutus Hill Rd , Traverse City, MI 49696
$3,800,000
Est. Payment: $8,444.44/mo
0 Bed
22 Bath
0 Sqft
Status: Active | Days on site: 105
Get Pre-Qualified
g161000 - giris7411
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

Location, easy-access, high visibility, and income potential all come together in this unique Northern Michigan property. Located 8 miles south of Cherry Capital Airport, this property offers 36 acres + with 18 furnished rentals including 1, 2, and 3-BR units - in addition to a four-bedroom main residence on-site with attached apartment. This is an exceptional opportunity for investors, short-term rental buyers, or developers looking for prime real estate in one of Michigan's most popular year-round tourist destinations - Traverse City. The existing units provide the foundation for a resort, vacation rental community, corporate retreat, extended-stay property, special event venue, or other income-producing ventures. With direct frontage right on Garfield Rd, this property offers offers high-visibility and easy-access for commercial uses - such as retail or office space - or businesses providing services to travelers - including restaurants, motels, convenience stores, etc. (subject to local zoning and use permits). Guests can enjoy the award-winning restaurants, wineries, and festivals right in Traverse City - which has become known worldwide as a highly-desired tourist destination - then retreat after their busy day of sight-seeing to their private comfortably furnished unit in a peaceful country setting. This property is conveniently located near the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and parks, which offer year-round recreational opportunities - including hiking, fishing, canoeing, snowmobiling, birdwatching, and more. • The Flintfields Horseshows - Williamsburg, MI - 16 Miles • Interlochen Arts Academy - 21 Miles • Sleeping Bear Dunes - 48 Miles • Marina in the heart of downtown Traverse City - 12 Miles • Turtle Creek Baseball Stadium - 13 Miles • Turtle Creek Casino - Williamsburg, MI - 16 Miles • Mackinac Bridge - 124 Miles

Highlights

Listed by Brenda S Irish-Heintzelman , 231-929-4737 Traverse City Realty , 231-929-4737.

Property Type

Commercial Sale

Lot/Acreage
36.5

Year Built

1955

County

Grand Traverse County

School District

Traverse City

Listing ID

26017794

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:22
  • Full Bathrooms:22
Other:
  • Additional:Broadband
Water:Private Water,Well

Exterior Features

Roof:Metal
Sewer:Septic Tank
Principal Interest
$8,444
Taxes
$2,423

Home Price

$3,800,000

Loan Details

30 yrs
%

Down Payment

20%
$760,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,444.44 $2,422.50 $0.00 $10,866.94
Yearly $101,333.33 $29,070.00 $0.00 $130,403.33
Total $3,040,000.00 $872,100.00 $0.00 $3,912,100.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Traverse City, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.