If location is what you are looking for, then this is the one. This almost 1/2 Acre corner property is located directly across from Munson Medical Center, Northern Michigan's largest hospital. Only minutes away from Downtown Traverse City, West Grand Traverse Bay, the GT Commons and shopping, this piece of property is ready to be redeveloped to a higher and better use. H-1 zoning allows for a density of 13 residential units on this property. The current Tenant has a lease in place until July 2025 which will give a developer cash flow during the holding period of developing their plans.
Listing #
1902865
City:
Traverse City
State:
MI
Zip:
49684
Area:
Grand Traverse
Neighborhood:
Acres:
0.47
Square Ft:
2874
Basement: Slab | Location: Corner Lot |
Business Included: No | Lot: |
Business Name: None | Miscellaneous: |
Construction: Frame | Documents: |
Zoning: Other | Possession: Subject to Tenants Rights |
Deeded Water: No | Property Status: Active |
Dimensions: 155 x 132 | Real Estate Included: |
Directions: Located on the southeast corner of the intersection of Sixth St and S Elmwood Ave. | Remodeled: |
Days On Market: 616 | Road Frontage: Public Maintained |
Days On MLS: 616 | Roofing: Membrane |
ECO Features: No | For Sale Or Lease: For Sale |
Extras: None | For Sale Or Rent: For Sale |
Financing: | Special Assessment: |
Floor Type: | Township: Traverse City |
Heating/Cooling: Natural Gas | Vacant: No |
Heating/Cooling Type: Forced Air,Central Air | Water: |
Inventory Included: No | Year Built: 1962 |
Licenses: None |
Listing courtesy of
Three West, LLC
1131 E. Eighth Street ,
Traverse City ,
MI 49686