Prime development opportunity located near Mall and shopping corridor. The property has recently been rezoned to R-3 Multi-Family Residential zoning, which allows for a large apartment development. Conveniently located between Traverse City and Chum's Corner, this 18.13 acre parcel features 428' of frontage on US 31, natural beauty with a development envelope surrounded by mature trees and a creek on 2 sides. Five residential homes and a small commercial building currently generate income while you work out your development plans.
Listing #
1898916
City:
Traverse City
State:
MI
Zip:
49684
Area:
Grand Traverse
Township:
Garfield
Acres:
18.13
Dimensions:
Topography:
Corner Lot
Property Status: Active U/C Taking Backups | Present Use: |
Miscellaneous: | Amenities: None |
Utilities Available: Electric,Natural Gas | Road: Public Maintained |
Zoning: Multi-Family,Splits Available | Land Use Restr: |
Water Installed: Private Well | Water Options: Municipal Water |
Waste Installed: Municipal | Waste Options: Municipal |
Waterfront Type: | Documents: None |
Financing: |
Listing courtesy of
Three West, LLC
1131 E. Eighth Street ,
Traverse City ,
MI 49686