2960 Arbutus Hill Road, Traverse City, MI 49696

$3,800,000
Property Type: Commercial Sale Baths: 22 Lot Size (sq. ft.): 1,589,940 Status: Active
Current Price: $3,800,000 List Date: 4/24/2026 Last Modified: 8/05/2026

Overview

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.

Supplements: 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 restaurant ...

Listing Details MLS# 26017794

Location Property Info

County
Grand Traverse County
Street #
2960
Street Name
Arbutus Hill
Suffix
Road
State
MI
Zip Code
49696
Zip (4)
8323

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
36.5
Lot Square Footage
1589940
Lot Dimensions
370 x 162 x 160 x 454 x 1070 x 1800
Year Built
1955
Road Frontage
370
Mineral Rights
Available
Total # Units
20
Total # Bldgs
30
Property Use Type
Business
Full Baths
22
Total Baths
22
Waterfront
No
School District
Traverse City

Tax Info

Tax ID #
28-03-116-019-00
Taxable Value
110884
SEV
309300
For Tax Year
2025
Tax Year
2025
Homestead %
7
Spec Assessment & Type
no
Zoning
COMM - RES

Remarks Misc

Directions
From the Cherry Capital Airport in Traverse City, Michigan - head west on South Airport Road to Garfield Road then head south on Garfield to property at the corner of Garfield Road and Arbutus Hill Road.

More Information

Property Features

Uses: Recreation; Other Business Includes: Furniture; Real Estate; Other Construction Type: Frame/Wood Roofing: Metal Sewer: Septic Tank Water: Private Water; Well Utilities Attached: Electricity Connected; Phone Connected; Propane Util Avail at St: Electricity Available; High Speed Internet Heat Source: Propane; Wood Heat Type: Forced Air Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Close Plus 30 Days; Subject To Tenant Rights
IDX
Listing Office: Traverse City Realty
Listing Agent: Brenda S Irish-Heintzelman
Source MLS Verified
Last Updated: August - 05 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.