Price: $ 925,000.00
Square Ft.: 2874
Price/SQFT: $ 321.85

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.

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Basic Features:

Listing # 1902865
City: Traverse City
State: MI
Zip: 49684
Area: Grand Traverse
Neighborhood:
Acres: 0.47
Square Ft: 2874

Additional Features:

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 U/C Taking Backups
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: 661	Road Frontage: Public Maintained
Days On MLS: 661	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

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Listing courtesy of Three West, LLC
1131 E. Eighth Street , Traverse City , MI 49686