Price: $ 1,825,000.00
Square Ft.: 1592
Price/SQFT: $ 1,146.36

This is a fantastic redevelopment opportunity directly on Front Street, where the value lies in the land. It comes with engineered plans for a cutting-edge project featuring twelve luxury condos, each about 1,400 square feet. Three out of twelve units are eligible for STR. There's also 3,000 square feet of flexible commercial space on the ground floor that could be used for retail or common space for condominium owners: gym, shared workspace, lounge, etc., and a huge rooftop lounge perfect for relaxing. We've crunched the numbers and see a potential sellout value of $15 million. You'll need to wrap up some additional engineering before breaking ground. Do your own due diligence to determine your comfort level with the project.

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Basic Features:

Listing # 1921277
City: Traverse City
State: MI
Zip: 49684
Area: Grand Traverse
Neighborhood:
Acres: 0.19
Square Ft: 1592

Additional Features:

Basement: None	Location: Other
Business Included: No	Lot:
Business Name: None	Miscellaneous:
Construction: None	Documents:
Zoning: Commercial,Special Use	Possession: At Closing
Deeded Water: No	Property Status: Active
Dimensions: 50x163	Real Estate Included: Yes
Directions: W Front St East of Division. Inbetween Nail Bar and Scarbrough Eyecare.	Remodeled:
Days On Market: 25	Road Frontage: Public Maintained
Days On MLS: 25	Roofing: None
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: None	Vacant: No
Heating/Cooling Type: None	Water:
Inventory Included: No	Year Built: 2024
Licenses: None

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Listing courtesy of The Mitten Real Estate Group
310 W. Front Street, Ste. 411 , Traverse City , MI 49685