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
2960 Arbutus Hill Road, Traverse City, MI 49696
$3,800,000
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
- # Fin Bldg Lvls
- 0
- Total SqFt
- 0
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
- Seller's Annual Property Tax
- 0
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.
Location & Property Info
- Cross Streets
- Garfield Rd / Arbutus Hill Rd
- Property Sub-Type
- Business Opportunity
- Municipality
- East Bay Twp
- Ownership Type
- Private Owned
More Information
Office/Contract Info
- Auction or For Sale
- For Sale
- Prop Avail for Lease?
- No
Remarks & Misc
- Public Remarks
- 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.
- Legal
- Lengthy legal descriptions available by request. Be aware there are six parcels with six lengthy legal descriptions.
Utilities Attached
- Electricity Connected
- Yes
- Phone Connected
- Yes
- Propane
- Yes
Sewer
- Septic Tank
- Yes
Water
- Private Water
- Yes
- Well
- Yes
Uses
- Recreation
- Yes
- Other
- Yes
Construction Type
- Frame/Wood
- Yes
Roofing
- Metal
- Yes
Heat Source
- Propane
- Yes
- Wood
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Business Includes
- Furniture
- Yes
- Real Estate
- Yes
- Other
- Yes
Util Avail at St
- Electricity Available
- Yes
- High Speed Internet
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Plus 30 Days
- Yes
- Subject To Tenant Rights
- Yes
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
Listing Office:
Traverse City Realty
Listing Agent:
Brenda S Irish-Heintzelman
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.
